Benefits of urbanization are obvious — higher productivity, more efficiency, better services like education & healthcare, more employees for corporations, more employers for people, more consumers etc.
But it also requires tremendous planning and investment by the government.
Urban planning is kinda like rocket science. A holistic field that has to integrate hard sciences (like infrastructure) with soft sciences (lifestyle and convenience).
India is not only way behind in urbanization - 2 in 3 Indians live in rural areas - but the current status is also poor.
Example: In Mumbai (Bombay) 40% of the city’s population live in slums. That’s about 10 million people living in horrific conditions.
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Many Americans and Indians waste a lot of time on China-related “Copium” — constantly dreaming of bad things happening to Chinese economy, politics or the people.
Short 🧵 on why this is foolish and detrimental.
First, your track record has been abysmal. Every gloom-and-doom prediction has been wrong.
For 25 years, Americans have been talking about the imminent collapse of China or the CPC/CCP. So, take a pause.
What’s that definition of insanity?
China has accomplished an economic miracle that has never been achieved in human history. So, give some respect to your competitor.
Staggering 45,000% GDP growth in 30 years (1991-2021).
So, if you’re playing football against Argentina, don’t treat it like the Bahamas.
Have you noticed how there are no “India watchers” among Western journalists? 🤔 And certainly there are none who live in India & constantly tweet negative stuff.
They will get kicked out by the Indian gov or beaten up by mobs!
Western idiots abuse the freedom given by China.
The ONE American I can think of who fits the bill of “India watcher” is Derek Grossman from RAND. But…
… he kisses India’s ass all day long on Twitter! 😂😂😂
Check out his account, it’s hilarious.
Here are two of my articles that explain why the U.S. Presstitutes attack China all day long and handle India with velvet gloves:
If you think Yuan cannot replace US dollar, think about what Facebook did to Myspace or what TikTok did to Instagram.
There's a little bit of chicken-and-egg dilemma in the beginning, but once a few big countries start using it, everyone will jump on the bandwagon.
There is already quite a bit of commodities-for-Yuan happening without fanfare:
* Some Brazilian and Australian companies sell iron ore for Yuan
* Malaysia sells palm oil and rubber for Yuan
* Russia sells oil coal, natural gas etc. in Yuan (also a big chunk of Russian FOREX)
Already, about 15% of cross-border payments in goods trade are being settled in Yuan/RMB!!
The globalization or internationalization of China's currency will only accelerate, especially when Arab states embrace Petroyuan for oil sales.