https://www.youtube.com/watch?v=XupM5_zHDbM
Economist Fact-Checks Zeihan's China Collapse Story
20:23 So I just don't see any evidence that supports Zeihan's statement that Xi has purged the system, so thoroughly already that he can no longer respond to the problems coherently.
And so having gone through all of Mr. Zeihan's main arguments, I've now come to my conclusion.
As I stated in the beginning of the video was that most of these problems are either not as bad as they seem or will likely not lead to a collapse due to the unique structure of the Chinese economy, by which I meant that it's led by state owned banks.
So what does that mean for Mr. Zeihan? How did he do during this fact checking exercise?
Well, for me, it depends on your expectations.
If you expected Mr. Xi'an to be an oracle of the truth, then I think this shows that you should really reconsider.
However, for me personally, and judging by some of the comments that you made on a post that I made, following Zeihan is not about learning the absolute truth, it is about getting interesting and provocative insights.
And because in my career as an economist, I have never, ever come across anyone that can consistently predict the future in such certain terms that Mr. Zeihan likes to use, such as this country will collapse in ten years, I've always taken his extreme predictions with a very large grain of salt, and so I'm happy to say that after this fact checking analysis, which was quite critical I will actually continue to follow Mr. Zeihan in the way that I did to get a broad overview and an interesting perspective on global affairs.
But if I'm doing serious research, I will not rely too much on the work of Mr. Zeihan because for that I think he is too sloppy and too committed to the story that he has been telling for such a long time.
The End