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Why China Could Surprise the World by Being the First Country to Adopt Universal Basic Income
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this post was submitted on 29 Jan 2024
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Why?
Because China is the enemy of the western world, or rather democracy in general. They are imperialist as hell.
Mostly agree, although I wouldn't say the enemy, because it's really just the biggest autocracy rather than the only one.
I don't see how that makes them less likely to succeed at a basic income, should they choose to do that, though.
Its the biggest and most powerful.
And their economy is falling apart literally, they would cause a hyper inflation by doing such a thing. Also their demographic is a gigantic problem.
It isn't looking like a great moment in China, I'll give you that. Banning shortselling is a doubly bad sign, because it indicates a major issue and is also guaranteed not to help solve it.