Q: CURT: –“Why aren’t you more bullish on china?”– I might be bullish on the c

Q: CURT: –“Why aren’t you more bullish on china?”–

I might be bullish on the chinese population, but IQ is a resource that requires institutions to express. The CCP like the Russian elites are prohibitive institutions, and both countries are astoundingly poor outside of ‘Potemkin Cities” because of it.

I was optimistic for both as they pursued market economies, but the competition by the rising productive classes was a threat to the rent seeking of the established elites in russia and ‘princes’ in china.

The forgiving interpretation is that both are empires with productive cores, but ruling over vastly unproductive territories vulnerable to central asian hordes (now islam) and that they correctly need to maintain control to prevent the spread of bad ideas, bad culture, and bad genes, as well as the rise of competitors who like their ancestors will resort to raiding and war to compensate for the incapacity of their land to produce incomes.

The world has not come around yet to the obvious conclusion that there is only one bad actor on the planet – that is islam. The rest of the planet is maturing into modernity a bit painfully but rather rapidly and to its benefit. Were it not for oil under the middle east the remaining civilizations would all treat islam as a belligerent africa to be contained. The benefit of non-muslim africa is that it’s actually doing just fine. Islam is not.

Cheers
CD