this post was submitted on 21 Apr 2025
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Much like the US, they can simultaneously have an economy that SHOULD collapse, but also be so ingrained in global trade that nobody is actually willing to call them to the carpet.
If China were Greece, they'd probably have gone bankrupt multiple times already.
What exactly does "should" mean in this context? Either it does it it doesn't, and saying it "should" just sounds like saying reality is wrong for not conforming to your economic theory.
I think the implication is that it's essentially being prevented from collapse because it's so ingrained in international trade that if it were to collapse it would hurt you and your allies too much, so you don't allow it to collapse when it otherwise might.