finders keepers wrote: Fri Jul 29, 2022 6:51 pmHow are Russia and China wounded compared to the USA? Even though China has arguably more issues than Russia (oddly) at the moment, they are at least far more unified as countries. When does the "collapse" of either occur, in your view?
Well, autocratic governments don’t have to worry about being voted out of office, so we’ll leave that alone.
China’s economic problems are severe enough that some are claiming that their collapse is already underway. Domestically, they spent a lot of manpower building stuff they don’t need. China is full of ‘Ghost’ factories, skyscrapers, reservoirs, residences and the like. In short, the supply is currently much greater than the demand. If you are communist, does this mean the capitalist law of supply and demand doesn’t effect you? When you are drowning in surplus, what do you do with all that labor?
With the help of scams and the nature of banking, the banks do not have the cash on hand to return life savings to the people. Even in the US a bank only keeps a fraction of the cash deposited to return to depositors, with most of the money going into investments. Why would all depositors demand cash back at once? Thus they can’t return people’s money as many are demanding. Pull lots of investments? Do only necessary work? Turn on the printing presses to create money? Roll over citizens with tanks? If faith in the banks fails, the whole economic situation collapses. A few oligarchs get ultra rich while the people get shafted? For years the CCP has avoided revolution and a lack of human rights by providing economic security. Compared to the chaos of the warlord years, it is easy to understand the people’s quiescence. It is hard to see this policy pushing through the current problem, and the warlord years have faded from living memory.
Russia’s economic problems seems less, but the sanctions have hurt. There are protests, but autocracies suppress and ignore those. Still, waging an unpopular war is problematic. And Russia has a more immediate military situation to maintain. Can they outspend NATO in tanks, ships, aircraft, ammunition and other supplies? They too could be drifting towards collapse. The sooner they back down, the less it will hurt. I don’t see Putin backing down.
I’m not exactly up on assassinations and coups. Still, if you are steering your country to attempt the impossible while not taking decisive action to release the stress, they seem likely to happen. The Ukraine invasion hasn’t fully blown up in Russia’s face yet, nor has the Chinese economy fallen totally apart. But I have not seen the flexibility required by the autocratic regimes to solve the problems that their countries are facing. If they can’t, push will eventually come to shove, and drastic measures will have to be tried.
The US? Do we have protests? Do we have empty grocery stores? Are we blocking withdrawals? Are our troops significantly engaged? To us, the crisis is whether Trump can get the presidency back. I can understand why lots of progressives hope he does get the Republican nomination as he has enough baggage that he would be easily defeated.
Short answer? If Russia runs out of military equipment in Ukraine and NATO is willing to continue supply, collapse. If they can’t avoid the economic problems in China, collapse.