The more time passes, the more i tend to believe that this crisis is actually going to be a tipping point, a very big moment in the history of mankind.
I have said in another thread, that this crisis will reveal what state chinese society is in, as well as the economy.
There are people who believe that this will be the chinese century, that the chinese economy will become the largest economy in the world within the next ten years.
But there are also people who believe that china is actually a lot weaker than everybody thinks, and that the chinese economy is full of bubbles and bad debts.
If the chinese economy is realy as weak as some people believe, there is no way it can handle the impact of the gigantic blows it is currently getting. There is no way a weak economy full of bad debts and bubbles would not go into a deep recession after all of this.
But if, on the other hand, the economy will be up and running again, a year from now, then the innevitable conclusion should be that the chinese economy is a lot stronger than many people think.
The consequences of this are pretty big.
If the chinese economy will keep on expanding, then we undoubtedly will be entering a new world order within the next few decades. If this crisis cannot stop the rise of china, then it is not very plausible america's trade war will.
And then it is unavoidable that america will simply lose the new cold war it has started, with china and it's allies.
The american world order will collapse then, within the next 20 years or so.
If the chinese economy goes into a major recession though, the consequences will also be huge.
Putins regime will falter as well. If he would want to continue his reign, he would then have no choice but to repair the somewhat problematic relationship between russia and europe.
But then, lukashenko's regime will also stagger, and viktor orbans regime in hungary would also collapse. Probably a lot of other illiberal regimes as well.
So within a year from now, we will know if the world will enter an illiberal, anti-democratic, chinese world order, based on capitalism and military power only, or whether we will enter a liberal world order, based on human rights.
I have said in another thread, that this crisis will reveal what state chinese society is in, as well as the economy.
There are people who believe that this will be the chinese century, that the chinese economy will become the largest economy in the world within the next ten years.
But there are also people who believe that china is actually a lot weaker than everybody thinks, and that the chinese economy is full of bubbles and bad debts.
If the chinese economy is realy as weak as some people believe, there is no way it can handle the impact of the gigantic blows it is currently getting. There is no way a weak economy full of bad debts and bubbles would not go into a deep recession after all of this.
But if, on the other hand, the economy will be up and running again, a year from now, then the innevitable conclusion should be that the chinese economy is a lot stronger than many people think.
The consequences of this are pretty big.
If the chinese economy will keep on expanding, then we undoubtedly will be entering a new world order within the next few decades. If this crisis cannot stop the rise of china, then it is not very plausible america's trade war will.
And then it is unavoidable that america will simply lose the new cold war it has started, with china and it's allies.
The american world order will collapse then, within the next 20 years or so.
If the chinese economy goes into a major recession though, the consequences will also be huge.
Putins regime will falter as well. If he would want to continue his reign, he would then have no choice but to repair the somewhat problematic relationship between russia and europe.
But then, lukashenko's regime will also stagger, and viktor orbans regime in hungary would also collapse. Probably a lot of other illiberal regimes as well.
So within a year from now, we will know if the world will enter an illiberal, anti-democratic, chinese world order, based on capitalism and military power only, or whether we will enter a liberal world order, based on human rights.
.