SM, reading your post people could be fooled into believing you know what you are talking about. SK and Taiwan were built on massive US capital. SK people are now the most overworked in the developed world all to keep the SK economy afloat. JAPAN has the Worlds largest debt ratio by far, China is not in the top 10. The private debt of Evergrade property developer in China is $400m, the US national debt is $26 trillion the largest in the world. Sure China has suffered a downturn due to Covid, but have managed the pandemic far better than most other countries including the US.

Look at the Liberal debt in Australia, $1 trillion, and won't be repaid for at least 60 years.

Paul,

Reading your posts no one is led to believe that you know what you are talking about. Most of your comments are vastly out of date.

China's federal debt is about US$13T the public debts from the states incl state-owned businesses is about a further US$40T and corporate debt is about US$27T. This makes China hugely indebted if not the most indebted country in the world. (all of this is not including the debt of individuals.)

https://www.scmp.com/economy/china-economy/article/3135883/china-debt-has-it-changed-2021-and-how-big-it-now

https://warontherocks.com/2021/12/could-chinas-massive-public-debt-torpedo-the-global-economy/

As for funding, most US funding was military to protect SK and Taiwan against China. China has received vast amounts of foreign investment.

The reality is that the US is past history.....simply because it's use by date has arrived, courtesy of ignorance and arrogance.

Is this news when many citizens of the same nations have known this forever?

Turkey based on Ataturk's dictatorship of national socialism which was popular in the region, then Erdogan, and China as we know it founded by Mao and the Party over Chiang Kai Shek's KMT who was not too different.

Meanwhile this averts people's gaze from white Christian nationalist regimes run by autocrats e.g. Russia, Hungary, Poland etc. based on ageing demographics and xenophobia. Likewise, now both the UK and US are subjected to threats to sovereignty, democracy, lack of transparency, socialism for global/large public corporate entities (via Koch think tanks), climate science denial, extremist immigration policies, public sector cuts and flagging economies; based upon radical right libertarian and eugenics inspired ideology.

Andras Smith,

You talk complete bollocks, Ataturk was not a national socialist in fact he abolished the Sultanate and the Caliphate and introduced secular democracy giving women equal rights.

Nothing like a bit of glib one liner abuse in lieu of any knowledge or understanding in a discussion; no surprise most right wing protagonists have strong beliefs, narcissistic personality disorder, anyone?

Ataturk, admired by both Mussolini and especially Hitler, made a simple policy mistake in not ensuring that Sunni Islam could be restrained and not used politically; you would know why and how?

He was obviously busy rebuilding a nation using socialist principles or state capitalism (same thing), sometimes well 'refreshed' but in his quest for secularism, a very secular religion was thrown under the bus, and has not recovered, i.e. Alevism (while Sunni Islam was nationalised for control but used again under Erdogan for permanence).

Estimated that Alevi are 30-40% of the Turkish population, including many in Ataturk's old party the CHP, while Alevi is officially described as 'Shia', it is in fact influenced by Sufism and Persian philosophers or poets e.g. Rumi, and also Zoriastrians of Persia (like Parsis in India i.e. fire worshipping); they worship in community centres with no gender division, no headscarves and like Ataturk they can drink.

Turkey to this day shows clear signs of national socialism with far right groups (MHP's 'Grey Wolves' etc.), like Oz compliant right wing media oligopoly, compulsory military service ('crowded army'), significant state industries/monopolies, complex of police & security services, youth/working age brain drain, decline in women's rights, slide from democracy to autocracy, and now a basket case economy.

This is what conservative libertarian governments bring, socialism for the top end, decline and autocracy for the rest, while some do the bidding of power, is that you shadow minister?