Economy Falls, Population Shrinks: China’s Rise Is Over, History’s Garbage Time Has Begun
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Throughout history, few governments have openly declared their own decline. Most quietly enter a period of decline, where the outcome is already reflected in data and people’s real experiences, while the system continues to operate and moves toward an inevitable end. In sports, the final minutes of a one-sided game are called “garbage time” — the result is decided, key players are removed, and substitutes simply finish the game. Applied to political and economic systems, it becomes “history’s garbage time.”
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