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🇵🇸 Free Palestine 🇵🇸 to World News@lemmy.ml • 2 years ago

Biden calls China a 'ticking time bomb' due to economic troubles

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Biden calls China a 'ticking time bomb' due to economic troubles

ground.news

🇵🇸 Free Palestine 🇵🇸 to World News@lemmy.ml • 2 years ago
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U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
  • @zephyreks@lemmy.ca
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    -2•2 years ago

    Neoliberalism has been a failure for the actual population. It’s decoupled economic growth from improved quality of life. Meanwhile, social democracies in Europe are showing that other models are practical and viable.

    • MultigrainCerealista [he/him, comrade/them]
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      27•2 years ago

      Which European country isn’t pursuing neoliberal economics?

    • brain_in_a_box [he/him]
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      24•2 years ago

      Practical and viable so long as you have a massive base of exploited labour in Africa and Asia to prop you up.

    • GaveUp [she/her]
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      19•
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      2 years ago

      GDP Annual Growth Rate in European Union averaged 1.70 percent from 1996 until 2023

      https://tradingeconomics.com/european-union/gdp-annual-growth-rate

      GDP Growth Rate in Euro Area averaged 0.37 percent from 1995 until 2023

      Source: https://tradingeconomics.com/euro-area/gdp-growth

    • Frank [he/him, he/him]
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      17•2 years ago

      Social Democracies in Europe are showing that you can keep people complacent as long as the oil and the african gold don’t run out. Whoopsie.

      • @zephyreks@lemmy.ca
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        -1•2 years ago

        Must be forgetting about Finland, whoopsie.

        • @ComradeChairmanKGB@lemmygrad.ml
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          13•2 years ago

          You don’t think Finland benefits from the victimization of the global south?

        • Frank [he/him, he/him]
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          11•2 years ago

          Yeah, “countries” the size of an American suburb don’t matter. Euros are always like “but what about shitsteinburg, a country with a proud national tradition and a population of 37!” Nobody cares.

    • happyandhappy [she/her]
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      10•
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      2 years ago

      neoliberalism is a function of capitalism’s contradiction of requiring constant exponential growth. in an infinite timeline neoliberalism will sadly completely consume any semblance of “social democracy”, and you can already see even the classic european social democracies are beginning to eat away at and privatize their welfare states.

      other people are also pointing out unequal exchange, which is a critical concept to factor into the equation when trying to understand where the wealth of the european social democracies come from.

      https://www.youtube.com/watch?v=rjLmYCfKU7o this video is a really good short primer on the topic!

      • @PipedLinkBot@feddit.rocksB
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        1•2 years ago

        Here is an alternative Piped link(s): https://piped.video/watch?v=rjLmYCfKU7o

        Piped is a privacy-respecting open-source alternative frontend to YouTube.

        I’m open-source, check me out at GitHub.

    • ElHexo [comrade/them]
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      10•2 years ago

      What European country is pursuing greater social democracy? From Finland to France, the age of European social democracy seems increasingly over

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