The United States of America is home to 4% of world's population and home to 25% of the world's PRISON population. The US is the most totalitarian state nowadays!
China is stupid extreme, 99.9% of convictions are found guilty, it is not a free and just society in the slightest,
Theres an argument for failings in every country, the biggest problem in China is lack of freedom of speech. We cant know the full picture, I dont live there and I dont have relatives living there but from what I can make out over the years its not a place I want to end up really. It might be fine for most of the time but I'd be scared of the lack of oversight that a free press gives, this cant be played down. Freedom of the press is a vital adjustment in every country to all kinds of failings that occur regularly.
The point of USA having the largest prison population percentage is I believe its linked to large debt. Theres a danger that imprisonment monetizes each unit detained so that now its worth while keeping that person in prison, theres an economy set in motion by this politics of law enforcement. Of course crime has to be controlled but also money so freely available to me explains why is such a large % of population detained is so far ahead of every other country.
This is a false economy as clearly someone not working requiring great security 24/7 is a massive cost to society but combined with massive fiscal debt it could be disguised and encouraged even. I'd like to hear this has been investigated and at least weighed as a probable influence in extended terms. Overall I believe the massive debt built up is causing many bubbles and distortions in the economy, in society that are not profitable and damage the country even.
I relate it to this
https://www.investopedia.com/ask/answers/08/broken-window-fallacy.asphttps://www.nbcnews.com/news/us-news/alabama-man-spent-36-years-behind-bars-after-stealing-50-n1048266This is a story I read too often, I know people can do stupid things when their young especially and some of my friends are gone and passed in their 20's because of such stupidity but I still dont see the point of 35 years detained.
BTC remains low and below previous range of peak pricing, I'd like to see it make a run at 50 day average and we can measure its strength better by that reaction.