Off topic, I know, but it makes me wonder, how it is, that China has these economic problems, when communism is supposed to be the answer to all of mankind’s social/economic issues.
I hope China falls hard and suffers. No country is more deserving of bad karma than China.
The Chinese people building debt cages for themselves. Likely a lot of it is college debt due to their insistence on higher education.
China has “Japanified” its economy. Its working age population peaked 10 years ago. It is aging rapidly and has extremely low birth rates. It has built up huge amounts of domestic debt in central-planning efforts to continually boost the economy. Property is the only means of storing wealth for the middle-class, which has perverse effects on many things in society.
Simple: As long as one cannot sustain their current “level of living” they need to lower it to live within their means. I’ve been there, done that! It worked for me.
In the USSA there are no poor and homeless - only statistical extremes (outliers). The lowest level being composed of individuals ranging from unemployed millionaires to unemployable grunts with no skills or experience and (dare I say it) possessors of useless college degrees. The highest levels are those who have benefited the most. Throw in a few mentality retarded, drug addicted, sexually confused, or whatever else to make it sadder. Add the lack of a desire to “do better” and viola, we have the “poor and homeless” of humanity and at the other extreme, the “rich” elite.
But somewhere in the middle are you and I. Call us the rest of humanity, maybe even “the majority”. We are struggling to survive and stay afloat. We are being pulled under by the raging river of change happening in our society today. True, we have chosen poorly in many ways to get to this point in our lives, but we are not sh*tting on the streets of San Francisco and poking needles in our arms. Despite our (deplorable) condition, we still have respect in ourselves and hope that we can improve our human condition. As so, we are the “survivors” of an ever changing society.
We acknowledge (historically) the tree of politics, religion, and economics to be ever changing, we know “bad” fruit happens. When we see it, we evaluate its affect upon our lives and care enough to react in our own best interests. We are being deceived with the lie “we are not to judge anyone, let alone ourselves”. Instead we should rely on our “superiors” to judge for us and direct our lives. Knowing everyone (to some degree) is a victim of the society in which they live, many are ready to blame their condition on something or someone else. Many have become sheeple afraid to face reality and so easy to let others do their thinking and make their decisions for them. We are becoming followers, not leaders. We are set to be replaced by robots and AI.
Historically, the humanly poor have been and will always remain with us. The best we can hope for is not to become one of them. In the meantime, wake up, face reality (we are not all equal and entitled as many would believe) and adjust to living within your means until you can improve your condition.
It is written: Owe no one anything, except to love each other, for the one who loves another has fulfilled the law. Good advise I believe.