The China Syndrome
The most selfish people I’ve ever met were all only children, and because of their one baby policy, China is going to become a nation of single children. China, with their insatiable resource hunger, simply can’t sustain ever increasing growth rates, currently at 10.7% - capitalism has some rules that have to be followed and with such rapid uncontrollable expansion, economies run the risk of crashing.
I think 3 things will make this economic crash all the more destructive,
1: The horrific environmental damage in China will lead to a sudden environmental collapse.
Every year, it is estimated that around 400,000 people in China die prematurely from pollution-related illnesses.
2: Chinese Capitalism is crony capitalism and has a lot of Communist Party official corruption.
3: The militant history of the peasants, as the crash hits, the rural areas will get hit worst and an angry desperate, mainly male, peasant class with such historical militancy could cause immense damage to an already crippled Communist Party.
Add to this turbulent mix is a new middle class demanding Western living standards and China faces the real possibility of collapsing from it’s own size.
China admits to climate failings
China is failing to make progress on improving and protecting the environment, according to a new Chinese government report.
The research ranks China among the world's worst nations - a position unchanged since 2004. After the US, China produces the most greenhouse gases in the world. The Chinese report, prepared by academics and government experts, ranked the country 100th out of 118 countries surveyed. Some 30 indicators were used to measure the level of "ecological modernisation" including carbon dioxide emissions, sewage disposal rates and the safety of drinking water.
"Compared with social and economic modernisation, China's ecological modernisation lags far behind," said the research group's director, He Chuanqi. Yet, with a fifth of the world's population, China consumes only 4% of the world's daily oil output, importing about three million barrels a day. But its unrelenting economic growth will continue to fuel a voracious appetite for energy. Current plans call for the opening of a new power station every week, most of them coal-fired. The World Bank estimates that China will grow at 6% per year over the next 15 years, twice the rate expected for the world economy as a whole.