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<poi> |
Also all debts need a collective if you're right, and collecting the debt will crush the entire world economy who's collecting that debt? |
</poi> |
So, what how does that default works? That default works is by selling that collateral to those people in like debt arrangements. But unfortunately, now those people are left with half an airport or half, what's the word for it? That's harbor. Half a harbor and half a harbor ain't worth shaped. And so therefore those p... |
Why do we not get collapse on our side? This has a lot to do with flipping the analysis that we just heard. Because, first of all, right, now everybody knows that China fudges the growth numbers, so when the growth numbers actually become lower, that risk has already been taken into account by global markets to a large... |
</mg> |
<mo> |
So far governments have talked to you about with how this is an impending economic collapse, and how when it blows up, it blows up big. Opening opposition then comes and tells you that calling the bluff now China, saying this would happen, would make this blow up big and cause the same harms. So in order to crush this ... |
Let's now complete the gap in opening opposition as to why we think that the current exchange is sustainable for for the foreseeable future. First of all, we say the important question is, let us define what does it mean? Sustainable because, because governments kept saying this is unsustainable, we can't keep it for l... |
Why do we think it is unlikely now? Yeah, we said, first of all, China has been doing this for years. How? A in massive reinvesting in production, moving on, specifically in production nowadays, but I think openly, don't kick that bullshit out of me, but massively investing in production, whereas the devil is buying Ch... |
<poi> |
This just means, on our side of house, that you re evaluate new projects based on profitability and stuff like that. But projects still happen. The difference is you don't fund it with inflation, which also cuts over other parts of your industry, which you have to import resources from and risk hyperinflation. |
</poi> |
Thank you, we think that while evaluating good and new projects based on profitability It may sound nice, the ability to have new projects, the ability to continue to grow and provide infrastructure. They keep being flippant about the better road in of, What is the railway from Uzbekistan helps? Well, even if it doesn’... |
</mo> |
<gw> |
Okay, opening government correct that there is a dominant fact that is likely to happen if Shannon Fauci or correct that it might be the case that when we back away from our promises to the shadow banks, it might also therefore, maybe we should ask ourselves, what is likely to happen on both sides of the hands. So the ... |
Let's understand how currencies work, because clearly none of the opposition teams understand that if you keep printing Yuan and people have more Yuan, that means that they can pay more yuan to get stuff in them. That means that the value of the yuan decreases because people have more yuan to pay for the value that was... |
So firstly, what is not the consequences under our when debt contains so opening arguments is say over is just unstable. Then go here say, look, they can just take over their money and still they join their wagon and say which you didn't prove like is very very likely to collapse. It's too bad that am actually gives yo... |
But lastly, note, it is not an economic decision. There's also politics involved, to a very large extent, political. Political decisions are likely to make shorter decisions build to try to build the port now, and that's why it's succeeding even is very unlikely, so we say that they are likely to undervalue and sell fo... |
And lastly, just intervention with Western states that slows you down more. The consequences are default book because they say but why is it the default. You have a company. Other companies have better on the project system. They have raised money. People have spent their money. Species have funded companies on the bas... |
<poi> |
So One Belt and Road, debt isn't long enough to block China. You never explain why it was, but even if it was, it doesn't sound like strategic brilliance to suppress global demand and make the valid assets work even less if the thing you're most concerned about is losing the value of like a void. |
</poi> |
Okay, so here we get just the second question of, can we stop this? So a couple of things, A it is a very large part of it. Those are trillions of dollars of investment. They were that were made in the last couple of years. It is likely to grow even more. So it is at least 10 to 15% of that investment is the likely res... |
Forget the fact that there's no analysis on why collapse happens, just because when one shadow bank collapse in the Chinese sector, Noam tells them when you're more likely to control sort of scenario exactly because people already going to believe that the Chinese economy is going to represent exactly, because it's mor... |
</gw> |
<ow> |
Imagine a country that had its debt balloon up from around $2 billion within 50 years to around 23 Imagine a country that keeps depleting all of its natural resources in order to invest. Imagine a country that clearly does not invest enough in and of itself in technology. That country is called Earth, and no one here i... |
Let's talk about, Oh, yeah. So let's talk about, about, first of all, collapses and risk and so on. We agree. OG comes and tells you just you're spending too much money. You can't keep it up. All comes and says a few good lookings. They say, Well, maybe you do have collateral and reserves, maybe some policies don't. Yo... |
Secondly, I told you you could always print more money. Now they're telling us you cannot print more money. We'll get to that in a second. But the question is not yet. You can think. The question is, if you print your money, will people take that money? And the answer is yes, they are sort of good, because you have goo... |
<poi> |
ultimately mitigatory solutions, CEO suggests, are actual strategies for preventing those collapse with gradually downside. They are impossible to execute in the midst of a global financial economic crisis. |
</poi> |
Good, then that we're not in the midst of a global economic crisis. We don't understand what let's talk about energy. So it does. It is impossible for a few reasons, a the group, integrity, will be blamed as a a a as a country manipulator. One me tell you literally status quo. More than that was saying it is literally ... |
</ow> |
<pm> |
I think everyone insures that it is unfair. And a bit evil when we can stand here living an extremely high quality of life, and there are people in the world who live in complete destitute poverty, I don't think anyone's going to disagree with that. I think what this debate asks us to focus on, though, and the bit that... |
So to clarify some of the stuff in this debate, I think we take a relatively expansive view of what the basic needs of people are. So it's not just like you have a hot, dry water and you're going to imminently die, probably have like, a healthy and happy, social life, like you are a fulfilled and contented person by so... |
Now I want to highlight something that I think is going to be incredibly important in this term, which is to say that just because something is immoral does not mean that it is the only immoral thing. And it does not mean that it is the only thing that you need to spend time fixing, and it does not imply that remedying... |
<poi> |
When you think people should feel better? Are you defining the motion as we think people should literally feel better or is that just an indication of a vague sense that you think it's |
</poi> |
I do literally mean, like, you should feel bad. Like, my sense of how I know whether Sonic is moral or immoral, it's not because there's like a wall written down, like, up above, and it's because, like, I know in my heart that is like pretty shitty that I have stuff and have a happy quality applies, but other people do... |
First of all, by utility. I want to point out, first of all, that almost always, like, almost always any marginal stuff that you have above the borderline, even if you cannot perceive it at the time, being like both generates more happiness for you, but less happiness for you than avoided were given to some other indiv... |
The third reason why often there is like an injustice to saying I've earned it is that there are just imbalances in the way that people treat other people, even if you had exactly the same situation coming into the world, the fact that people are racist or people treat people in bad ways, in a way that you can never fu... |
Realistically, proximity is not equal to again, that those people are more important to you or more valuable than other people, right? It could equally be true that if you've never met that person, they didn't come into what you would not care about them at all. And again, from behind that veil, it's difficult for you ... |
Second of all, I want to talk about consumption. So this is a set of arguments that go, even if like, this is not an imbalance or like an unjust thing it is bad to Just use resources as a whole, before that closing |
<poi> |
Given that not just wealth, but also other social constructs and interactions are impacted by voluntary birth. So do you believe that capitalizing on any kind of privilege is exclusively moral? |
</poi> |
Ah, it's not exclusively immoral. Like I said at the very beginning, if you think you can do something good with that injustice, like use it for a better or higher moral purpose, then fine. If you have no reason to do so, then, you know, point back consumption. |
I think that taking resources above and beyond what you need first of all, does harm to the environment by and large, or use up things that future people might want to use, and they have more rights, just the same way that we do, to the extent they will try and use the resources of this earth. And if we overuse resourc... |
</pm> |
<lo> |
It's incorrect for the Prime Minister to set this debate up by saying, if one is healthy, happy and content, then everything above that is something they need to share, because the fact is, the majority of us are not going to be happy or content with the absolute bare minimum, which you actually do need to defend in th... |
So let's clarify then, what is this debate? What we say on our side of the house that we stand behind the fact that it's okay for you to have wealth, it's okay for you to use that wealth, and it's okay for you to have more than others, we also have to say we do support redistribution by governments, but not on the grou... |
So I want to deal with two independent points of rebuttal before substances. So the first one is that we hear that proximity is not fair criterion, right? The fact that someone's far away from you doesn't mean that you shouldn't care about them in the same way that you care about your family. The first thing is, we say... |
Second, one other deals deal with is this issue about feeling bad. Because, in response to sellers poi, the answer is, is, yeah, we do want you to feel bad about it, right? We say we do good immoral, and we certainly don't want you to feel bad about it. And why is that? The first thing is, because you're not going to b... |
So but first point of the substantive obviously, some of this has already been covered, but the first point I really want to talk about is we're going to be bolder, right? We're actually going to outright say, why is it? It's actually actively moral for you to accumulate and retain that wealth. Three reasons here, righ... |
<poi> |
No one chooses or opts into a moral system, any moral obligation exists not because people have consented to it, but because we acknowledge that the feature of the world we live in. |
</poi> |
No that's not true, because what you're presupposing is that by that your form of morality, you're imposing on us in this debate is one that says consent isn't necessary. We say consent is necessary for moral morality to be determined or not. |
The second reason we say for this is that you can't, and this is what we quite said earlier, you can't be immoral for doing things you've not contributed. Directly, if you punch me in the face, that's a bad thing. That's an immoral thing. You could not have. You could have avoided doing that. You could have avoided imp... |
The greatest number of people who pulled out of poverty have been in the last 20 years, and a huge amount of that is due to capitalism. And we can't say we can't stand behind that. Stand behind enable people to make profits in order to develop and research and employ people. If we're saying the underlying actions those... |
So when you answer look at this debate, and when you consider this debate uh uh after the speeches, what we need to consider is, firstly, were we in charge? Were we to blame the harm that these people are suffering from no were we ever signing up to something that says you would help them? No? And can we actually help ... |
</lo> |
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