The primary difference between capitalism and socialism boils down to that in socialism both economic upside and downside are shared, while capitalism only socializes the losses and milks the public for "profits" lol
A key idea in Chinese statecraft since ancient times is that the state has a responsibility to stabilize inherently unstable markets for essential commodities (see How China Escaped Shock Therapy). Public stockholdings like the ever normal granary participated in the market buying when prices are low and selling when prices are high for centuries with the goal of stabilizing supply and demand, prices and ultimately the value of money.
Now China is doing just that with the global oil market: It has drastically reduced its imports, hence pushing down demand in a time of global supply shortages. This is possible thanks to massive public reserves and strategic redundancy (some like to call this “overcapacity”). @JavierBlas finds that the number one reason why oil prices have not shot above USD 100 is China, China and China.
Imagine how much more stability the world could enjoy, if all countries engaged in such buffer stock stabilization for essentials such as grain. I have been calling for this at the G20 food security task force last year (see link below).
There's a certain subset of millennial men (straight rugged twinks) who are graceful on a world historical scale, and are actively redeeming generations
grid fragmentation would be very bad and it would be awesome for more Leftists to argue that the PJM crisis points toward the need for expanded public power https://t.co/H7zsWlammh
Leftists & libs can never admit that far-right politics isn't actually 'authoritarian', it is in fact a praxis of radical freedom, liberty to do anything to outgroups no matter how demonic. "We will never submit" is its core animating principle, and Satan its primordial advocate.