China's On The Dark Side Of The Moon, And Not In A Good Way

The People's Republic of China, aka Communist China or simply China, is skating on extremely thin ice now, and numerous cracks and fissures are forming all over the place.  From the Covid pandemic that they had unleashed on the world, to their failed but never-ending Zero Covid strategy and its rolling lockdowns, to their (not coincidentally) ultra-low and still plummeting birthrates, to their utterly tarnished world image now, to their massive Evergrande debt crisis, housing bubble crisis, and thus incipient financial crisis that would make 2008 look like a walk in the park, their once-buoyant but now sclerotic and increasingly moribund economy (if not society too) now stands on the precipice of truly epic collapse.  The ruling CCP is quickly losing clout each day, and civil unrest is only growing.  Meanwhile, their biggest ally, Russia, is now a pariah state bogged down in the quagmire of their own making in Ukraine, and North Korea is, well, North Korea.  If they did decide to foolishly invade Taiwan, that would of course only accelerate their collapse.  But even if they don't, they are still bound to collapse soon.  First gradually, then suddenly, as Ernest Hemingway would say. 

See you on the dark side of the moon....

Of course, being the second largest economy in the world, when China sneezes, the rest of the world catches much more than a cold.  Thus, a global financial crisis looks likely.  Hopefully the contagion will only be metaphorical this time around.