Debt is not fundamentally bad. But the financing has to be justified by positive return, be it in the service itself that makes money back to pay off the debt, or as a public good, returns in the form societal benefit as a result of the service.
When you have massive buildups with no hope of returns, it's a a bad financial decision and the public carries the debt burden.
By racking up debt of epic proportions, with no return on investment in sight.
All the while going into a demographic death spiral. Partly cause by the draconian 1-child policy, which attempted to fix the pronatalist policies of Mao.
China benefited greatly from the US-led globalism order that's been going on since WWII.
Another way of saying it is China took the most advantage. And it has gone way overboard in taking advantage. So the backlash is expected and necessary.
Part of fixing things involve doing things that seem like it's destroying the order that the US created itself.
They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system.
There were tons of economic low-hanging fruits by building out large infrastructure projects, which corruption happily siphoned off of.
The ROI of these infra projects have been gone for a while, yet they continued. Also it's been stealing intellectual property, trade dumping, exporting deflation. Soaking up the manufacturing oxygen of everyone else through subsidies, elite capture, then using the leverage gained and veiled threats against others to force them to yield resources, market access and political control.
There's no free healthcare... Families are bankrupted by sickness in the family.
If anyone did the "lifting", it's the global markets with their conditional entry into the WTO. Almost all the conditions are still not met and reneged on.
I'd say practicing non-dualism à la Zen Buddhism helps a lot. In short it helps see through preconceived (or any form of) notions, such that one doesn't become attached, including to the notion of becoming unattached itself.
It points outs that the separation of our individual self from others can be seen as illusory, that we're all deeply connected. Sure my left arm is weaker than my right, but that doesn't make it "less important", and in fact thinking in such a way is preposterous. But might be useful in another context such as left/right balance for fitness.
>macOS offers exposé for that purpose, but it is unfortunately not keyboard operable.
Agree with this. Ctrl + ↑ triggers exposé. But the windows cannot be selected with the keyboard, unlike Ctrl + ↓, which triggers exposé(?) within the current app, and one can select a window using arrow keys.
When you have massive buildups with no hope of returns, it's a a bad financial decision and the public carries the debt burden.