China suspends youth jobless data after record high readings
China suspends youth jobless data after record high readings
China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy.
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Turns out having dictators run your country is bad for the economy
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It is though. You can look at so many measures from perception of democracy among the citizens, the degree to which power is devolved to the local level most answerable to the community, and the turnover of elected officials being far higher than western democracies which usually feature politicians with what amounts to lifelong tenure.
People actually think China is still run the way it was back in the 1960s because their world view is formed from memes. It’s a democracy and a more vibrant one than what we usually see in the west.
But someone will reply to this with a meme about social credit without realizing they don’t earn Reddit gold here.
The 1960s-1976 one was more democratic imo
Wait an effing minute, unrelated, but by your name, are you Filipino expat in the middle east or something?
Mahilig lang ako sa shawarma hahaha
Probinsiya girlie
Oh, akala ko ganyan...
This. The US has been doing social credit for decades. We just call it regular credit because we don't care about your antisocial personality tendencies as long as you can keep a job and spend the money you earn. Just a question of priorities.
Social credit is a terrible system. But we have similar stuff - job references, landlords checking your history, etc. The US often has the things we deride others for - we just obfuscat and abstract it. Bread lines -> EBT, etc.
The US government is structured such that, although it operates as a democracy, you don't feel like you have that much control over how the government operates.
The US wants to invade Iraq? Alrighty then. California wants to dump $100 billion into a single rail line? Sure. Boston wants to defund transit until it literally catches on fire? Why not. Across every level of government, you're sort of left wondering who they're listening to.
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I have a bunch of lemmygrad and hexbear accounts blocked so I can't see the other replies to your comment but I bet it's a whataboutism against the US, isn't it?
Edit: lmao the downvotes tell me, yes, it's just whataboutism against the US because that's all they ever have to offer.