Bloomberg attempts to reconcile their propaganda narrative with reality. US economy is doing great, but everybody is angry. Chinese economy is collapsing, but people seem calm. How can this be?!
Bloomberg seems kind of split on China. I see a bunch of pro-China content from them with a lib bent, but then they put out some garbage at other times. It's a bit weird.
China has no opinion polls, so we don’t know exactly how the population feels.
This feels like a lie? Is this something the state controls and prevents or are they making shit up?
Yeah, it's very much a mixed bag I find. The whole no opinion polls is absolutely made up. Collecting public opinion is a big part of doing the 5 year plans. Maybe they mean there are no opinion polls done by western polling agencies?
Yeah I used to know a CEO of a middling US manufacturer, and he genuinely loved China specifically because he thought they were really good at capitalism.
The survey team found that compared to public opinion patterns in the U.S., in China there was very high satisfaction with the central government. In 2016, the last year the survey was conducted, 95.5 percent of respondents were either “relatively satisfied” or “highly satisfied” with Beijing. In contrast to these findings, Gallup reported in January of this year that their latest polling on U.S. citizen satisfaction with the American federal government revealed only 38 percent of respondents were satisfied with the federal government.
Clearly the 95.5% are just afraid of getting executed in the streets by their government for saying otherwise. Don't worry about the 4.5% that nothing happened to
Bloomberg seems kind of split on China... a bunch of pro-China content from them... but then they put out some garbage at other times
Then there's their "The Big Hack" story where Bloomberg tells the world that China is 40 years ahead of the entire world in chip technology while also saying china bad! (/s)
Material reality doesn't match my idealistic worldview. How can this be? I thought the world only existed inside of my head and wasn't actually a real physical thing!
I wonder if the author knows they're playing dumb, or if they understand the situation but are writing articles with dumb pitches because that's all journalism is now:
A possible explanation for today’s quiet is the benign cost of living in China.
the rest of the article just details how much cheaper living is in China, how much cheaper their goods are, food is, travel is, etc. Pretty easy to connect the dots on why Chinese people are not angry, meanwhile the US administration's response to voters telling them the economy sucks is to point at a graph or the stock market and scold them
The most hilarious part for me was the whole notion that having savings is bad actually. Turns out that not having to worry about your cost of living is what makes people gloomy!
Savings is bad under capitalism because the masses far outnumber the owners so if the masses can save a dollar each that's hundreds of millions of dollars the owners can't legally touch. They got around a lot of that with fractional reserve banking, but it's still a problem for them.