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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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The first and the one that will fail the hardest...
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.