@danobrien20 Not really it means Xi’s views don’t correlate and Chinas policy doesn’t correlate with full aspects of communism basically - he’s not following classical thought
@PeterLiuCASM@Brad_Setser@joequant Isn’t the irony that China is trying to raise consumption while maintaining savings and investment, whereas the US is trying to reduce consumption and borrowing without crushing demand? Both seem to be struggling with the opposite side of the same imbalance.
@PDXFato@allenzg@ParaChainz@benlihk The real story is that globalisation was never actually neutral. States tolerated openness while it aligned with power. Now the US and China are both rediscovering industrial policy and coercive leverage just with different political languages
@PDXFato@allenzg@ParaChainz@benlihk This reads a bit ‘Camelot on the hill’. The US says ‘national security’ and China says ‘national dignity’, but both are major powers using economic leverage for geopolitical goals. One just writes a longer legal memo before doing it.
@PDXFato@ParaChainz They don't though - it's popular chat in think tanks and those circles and there is a diversifying motive but you give yourself away when you say ‘freedom loving countries’ - 80/90s lexicon for 2026 is miles off.