Ah yes, it’s always everyone else’s fault for not buying enough shit, and not wage stagnation and market saturation with pointless product offerings driven by the soulless demand for ever increasing growth by the wealthy under capitalism.
Never the system at fault, always the exploited not being obedient enough market consumers.
That’s right, it’s the best system possible and we should never question it.
Especially since if you question it you’ll die by the “invisible hand of the market” and be labelled an example on why any system other than capitalism can’t actually work.
That’s right, CIA trained death squads will educate you on the virtues of freedom and democracy.
It’s funny to hear something like that from Russia/China supporter.
What do you think turns people into China supporters? Love for China or hatred of the US?
You don’t have to love China to hate the US.
Can confirm.
Wanting a sports team to support in the league of harmful countries
China has not military intervened in a country since 1979, and have had strict non interventionist policy since. Whatever you think of Chinese initiatives like Belt and Road or Chinese economic foreign policy, it is no where near comparable to US/NATO military interventions and secret military death squads acting with impunity. Which is what the commenter above was alluding to.
Whataboutism
China hasn’t been at war since the 70s while US has been at at war for 92% of its deplorable existence. Anybody who supports US over China is utterly morally bankrupt.
Meanwhile, demand in the massive Chinese market has been weaker than anticipated. Official data for June showed dollar-denominated imports down from the previous month and falling on the year for a fourth consecutive month.
L’Oreal CEO Nicolas Hieronimus acknowledged in an earnings call in July that consumer confidence in China is “not yet at the pre-COVID level.”
So the West is decoupling their economies from China, as they should
If you mean the west is going into a recession and demand is shrinking then sure.
These people are playing games with the data mate and you are falling for it, as usual.
GDP growth in the United States is always reported as an annual rate. This means that if the economy grew 0.5 percent from the first quarter to the second quarter, it would be universally reported as 2.0 percent growth (in this case 2.4%), with reporters always giving the annual rate. This is basically four times the quarterly rate. (It’s actually the first quarter’s growth rate taken to the fourth power, but this will be the same for small numbers.)
The 0.8% quarterly growth figure that you have seen them talking about in these articles translates to a 3.2% annual growth figure. Certainly below their 5% target but it is well above western counterparts, and let’s not forget that the financial year isn’t over and a lot can change in 3 quarters.
Meanwhile, US economy has been buttressed by cannibalizing Europe where things are rapidly deteriorating.
getting evicted
decoupling from housing
Stagnating salaries and increasing cost of living having an impact on offer vs demand? No way
best news i read all day
Huh, people aren’t buying stuff.
Better raise prices more to compensate! That should help.
The contradictions are sharpening.
