memes

There are two socialist futures:

1. The lost one of the 1920s which resulted in everything since

2. The potential one that China seems most capable of achieving as it sheds the market structures it used to build up its industrial capacity

I don't know Matt's view on China's growth but there's still room for that second attempt and they have the best of an industrial and agrarian economy combined. It'd certainly help if the US or Europe suddenly became socialist, but they don't have that same dependency on a larger or more advanced partner because they're the largest and most advanced country in the ways that matter.

He's expressed optimism about China. He's definitely said between China and the US, you have to root for China.

But China is also on a tightrope.