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There was an article in the WSJ yesterday that called the last 20 years of GE under CEO under Jeff Immelt “success theater” due to the underlying rot.

China is a country of “business theater”. They sure look like they’re doing business, lots of factories, tons of people in suits, cargo container ships, etc. But it’s all just a lie. It’s nothing but the 21st century planned economy version of the Soviet Union. It’s not even communism as much as simple totalitarianism. The only thing I haven’t figured out yet is if more than 50,000,000 million people are going to die, which was the same amount in 1958-1963 that died in totalitarian China, a number greater than the USSR and the Holocaust combined I would like to add.

Capitalism in the US sucks, but it’s very fixable. Capitalism in the 1910’s was far more horrible, but it was fixed beyond even today with the reforms of the 30’s-50’s, so I don’t want anyone to think my criticism of China is some apologia for capitalism right now.

This I do not believe in / don’t want to, but just so everyone is aware, the theory that really propelled Trump into office was that of the “fourth turning”, which Steve Bannon was a huge believer in. Essentially it’s the belief that every 80-90 years a massive war and change in Western government happens, stretching back to the British defeat of the Armada in 1588. As Christopher Coker wrote in “The Improbable War”, the next World War is most likely with China, a county with the manpower and resources to fight a grinding global battle against the US. We will see.

https://www.amazon.com/Improbable-War-United-States-Conflict...

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