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People were saying when the PRC was founded 75 years ago it would collapse any day now. They were saying this during the cultural revolution. They were saying it earlier this year, as China sent a robot to the far side of the moon to collect moon rocks and bring them back to earth. And they're still saying it. I'm not holding my breath.

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Just because PRC didn't collapse doesn't mean PRC perform well. On the contrary, the current strength of PRC is probably a reversion to mean, what China would be like if it wasn't so mismanaged, and yet decades late from where they could be.

States can endure a lot of mismanagement. Look at North Korea for instance. What we won't know is when we hit the breaking point.

What is happening in Russia may lead to an eventual collapse, though unlikely. There are some signs of a loss of monopoly on violence as the system is pushed to its breaking point. Hopefully that won't happen, but it's a scary possibility nonetheless.

There are HN posters with the ability to see hard data inside America's largest tech and manufacturing businesses, but don't investigate the question, "How much of what you buy every day was made in China?"

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