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" ... But his penury is obvious. His room is about 5x7 feet. A wooden plank acts as a bed and takes up three quarters of the room. There’s only enough room left to wedge a battered red bicycle into the space next to the plank. A wire has been strung up high around the room on which he hangs his clothes. A small stove and some dishes piled up outside his room act as his kitchen. There’s a common toilet for the residents outside which there are large jars of water. He, like other residents here, rents one by the month so he has water for his ablutions and to do his laundry and dishes. ... "
" ... The company reported cutting some costs since teetering on the brink of penury (again, pretty hard not to do, given the spending spree in 2019). ... "
" ... This also applies to economies driven into penury by idiocy of the Bolivarian type. The population in general knows how an economy works. They've done it before, they did it for decades in fact. Thus when the stupid economic policies are done away with there's a very swift bounce back. This is not just a projection either. The two Germanies after WWII are an instructive example. West Germany was above 1939 output by about 1955. It's not certain that East Germany had even managed it by 1989. Both were bombed equally flat in 1945 of course. Similarly, Poland was richer than the Soviet Union in 1939 and was again by 1960, even though non-market socialism ran both places, and despite Poland being very little more than smoking rubble in 1945. ... "
" ... “A foreign policy of serious people at a time of crisis will recognize that the current Chinese regime is the best we can expect from that country. The Chinese revitalization of Asian capitalism remains the most important positive event in the world in the last 30 years. Not only did it release a billion people from penury and oppression but it transformed China from a communist enemy of the U.S. into a now indispensable capitalist partner. It is ironic that liberals who once welcomed appeasement of the monstrous regime of Mao Zedong now become openly bellicose at various murky incidents of Internet hacking." ... "