A thread yesterday had a variety of people asking if the unemployment is lower because the youth are well cared for.
Please click through and read for additional context. Families are helping. Parents age and are not a long-term plan except for the most unusually wealthy.
Please remember: China is nominally communist. Functionally, they are capitalists with an usual side of excess infrastructure spending. A strong central government doesn’t make a country communist.
Their land use rules… that makes them communist-ish. But that’s a small part of a far larger picture.
There is a difference between lacking power and not caring to exert it in specific cases.
Plus, the US acts as the central government for half of the world through it’s economic and geopolitical affairs, so that’s a pretty massive multiplier on top of domestic power.