The polite version of China's economic debate goes like this: optimists emphasize institutional capacity and monetary sovereignty; pessimists emphasize real constraints and debt; reasonable people occupy the middle ground and wait for more data. This framing is not wrong so much as it is cowardly—a description of positions that serves everyone's professional interests and nobody's … Continue reading The Calcification Consensus: Why Everyone Discussing China’s Future Is Lying About the Odds
The Party Was Already Happening Somewhere Else
The fun is real. So is the mechanism stripping the people out who invented it. Every thematic drinking holiday follows the same invisible script: a marginalized community creates something vivid and defiant in the face of suppression, mainstream culture discovers it's enjoyable once the edge has been sanded off, and retail moves in to sell … Continue reading The Party Was Already Happening Somewhere Else
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