Thursday, August 17, 2017
Alibaba, Chinese Bourgeois & Xi Jinping
Alibaba blew away earning estimates this morning. It's six percent higher in pre market trading. Alibaba is the Chinese equivalent of America's Amazon. Alibaba is a measuring stick if you will of the ever rising appetite of Chinese bourgeois for all thins that a consumer wants. China's population now approaches 1.5 billion. And they are hungry. Which brings up the hot seat China's President Xi Jinping is uncomfortably sitting on.How is he planning to insure all those people will get fed? How is he insuring that all those people will have room to live and breed ? He has a lot of levers of power. Xi Jinping commands a formidable military. But he can't control 1.4 billion people if they are heading to lunch with a a big appetite.So who's controlling whom? Consequently Xi Jinping has been expanding his countries influence and occupation of the planet into new areas.South China Sea has seen raw aggression in China's filling in tiny atols so Chinese can settle. There they can drop a fishing line into the water . Maybe one of the ever dwindling fish might bite on the Chinamans hook and disappear like so many before him.Chinese are already plundering Africa. In the beginning most of the planet looked like Africa. Now much of the planet looks like China- overpopulated and polluted.So today Xi Jinping has the problem. But increasingly the world will have more of a problem accommodating the munching jaws of the Chinese bourgeois.
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