Can Communist China Build the End of the World?
If Communist China wants to build the machines that bring about the end of the world, it must have abundant excess capital and it must generate (or steal) tremendous computer savvy. We saw yesterday that China is becoming one of the world leaders in artificial intelligence, but can the dragon afford to build and place the vast constellation of machines needed to bring about the Terminator Apocalypse?
China’s super-rich are beginning to doubt the dragon’s economic future:
China’s superrich are losing their faith in the country’s financial future as fears around the impacts of slowing global trade and slowing economic liberalization cause worry.
A new survey found that just over a third of China’s superrich described themselves as “very confident” about the future of the Chinese economy. That’s less than half the number who said the same two years ago.
Some rich citizens are even scared that China could end up following the same path as the once prosperous Venezuela, according to The New York Times. __ BI
If China’s super-rich are beginning to compare China’s future with Venezuela’s present, confidence levels are definitely down.
China’s Economic Expansion in Better Clarity
Since the global economic deleveraging of 2007-2009 China has been able to maintain GDP growth numbers above 5% by spending exorbitantly on domestic infrastructure — whether the infrastructure was needed or used. But the China bubble approach to prosperity eventually runs out of building space, and to keep the thing going China had to look outward. This led to the “One Belt One Road Project,” sometimes known as the One Yellow Brick Road Project © .
China intended to export its overcapacity in the railway, highway and airport sectors while creating a debt trap to hold other countries hostage, all while supporting corrupt, puppet regimes, of which Venezuela is blood-drenched proof. __ China’s Economic Progress
“Overcapacity” is China’s middle name, at least the middle name for the State Owned Enterprises, or SOEs. For China’s economy to continue to grow above 5% per year, this overcapacity had to be unfettered and unleashed, and allowed to build unlimited infrastructure throughout the world. But OBOR isn’t working out exactly as planned:
In August last year, Malaysian Prime Minister Mahathir Mohamad announced the termination of his nation’s big East Coast Rail Link contract with China after he was given the cold shoulder during a visit to Beijing.
… Now that the Belt and Road Initiative is broken, China is turning to Hong Kong. Once trapped, the “one country, two systems” framework will be put to sleep and Hong Kongers’ assets will dry up.
Worse still, Hong Kong will lose its century-old reputation for financial freedom as it is sacrificed in the competition between the great powers. __ China’s Economy
The author of the piece excerpted above brings up an interesting point. Hong Kong is a massive ball of capital, just sitting and waiting for the hungry dragon to gobble it up. And so it will, and it will pay the price. And Taiwan is simply a larger ball of capital, also “waiting” to be gobbled up by the hungry dragon.
China needs all the capital it can get if it is to build the Mandarin Skynet and initiate the Terminator Apocalypse. And it needs plenty of room to utilise its overproduction. With Mandarin Skynet, the sky is no limit.
Does the 21st Century Belong to China and Mandarin Skynet?
The Communist Party is promising that citizens are all part of a grand collective project, through which they will achieve a vicarious greatness.
… Here is, in essence, what the Chinese Communist Party tells the masses: You may be under constant state surveillance, unable to speak freely, and prevented from forming political associations. But remember that to be Chinese is to be part of the greatest phenomenon in human history, and China’s growing economic and military greatness is your greatness.
The national narcissism that such xenophobic and nationalistic appeals are intended to stoke, however, are a poor substitute for the universally recognized human rights that the Chinese people are being systematically deprived of.
… [Those] who predict the death of democracy because of their inclination to be impressed with China are simply wrong. Democracy is not in decline. Autocracy is. __ 21st Century China
Does the above sales pitch for Chinese collective greatness remind you of an earlier 20th century appeal that had Aryan characteristics? It should. It might also remind you of an appeal to grand imperialism coming out of Moscow even as we read and write this article. Appeals to collective and imperial greatness work for a time, until cracks appear along “sub-collective” lines. Think about it: There is no limit to the ways in which groups of people can be subdivided into sub-groups, sub-sub-groups, etc. And so the grand collectives and great empires collapse and divide.
Can China Build the Mandarin Skynet?
China can only succeed in the grand Mandarin Skynet project if the US goes back to being a navel-gazing international doormat, as with Obama or with a President Hillary. As long as someone like Trump is US President, China will not find it easy going bringing on the Terminator Apocalypse.
But China can always wait, and if little Miss Psycho Puerto Rico with the bulging eyes is any indication of what future US governments will look like, China may just be in luck — if it waits.
Which may mean that you need to start training your dogs to be Terminator detectors, and your children as Terminator resistance fighters. Because if the Terminator Apocalypse does occur in your lifetime, even odds it will speak with a Mandarin accent.