Remember the Bernie Sanders' paradise of Venezuela ? Ever wonder why he doesn't speak of it any more?
With Venezuela it was more of a case of them being too reliant on oil than anything else. A number of oil reliant capitalist countries in the middle east were also getting to the point of being seriously in trouble, ultimately they had enough cash reserves to ride it out though.
As for Greece, they were going crazy with their money, even wasting a huge amount on the Olympics. It was more stupidity than socialism. The fact they were part of the euro severely curtailed their options though, e.g. being unable to devalue their currency.
People are self interested, and socialism fails to account for that
You can't really just say Socialism. It all depends on the figures. You can tax enough so that you can keep the poor healthy and at least keep a roof over their heads or you can go crazy and tax so much that their is little to be gained from anyone putting the effort in to anything. Then again you can tax so little that only the rich can afford health care and shelter and let the poor rot. The argument is all about where you fall on that axis.
Also, the idea of socialist countries being crazy borrowers (like Greece) isn't always the case. In the UK the conservatives (capitalists) have spent more than Labour, it's just that they like to spend it on big stupid projects where their corporate friends get rich rather than helping out the poor.
It has the largest population...
As AI and automation improve, a large population is going to be a burden, not an asset. China is largely rich because they have become the world's manufacturing hub and this is largely because of low labour costs. Increasing automation will negate that advantage and manufacturing will start moving closer to the market. Their never-ending rise may come to an abrupt halt and even start reversing.
Magic Leap's mixed reality technology has long since been overtaken by other products already on the market such as Microsoft's HoloLens
HoloLens has almost exclusively used fake demos from the very beginning. People who have actually used HoloLens report poor field of view and semi-transparent graphics, yet the demos all show perfect wide-angle non-transparent graphics that have clearly just been composited over the video signal. Magic leap tried a similar trick for their first demo (with the steam punk ray guns) but all the subsequent videos did appear to be shot directly through their device. Of course, we never actually saw the device, so it could have just been their unwieldy and unwearable prototype. The only new information here seems to be that Magic Leap are struggling with miniaturising their scanned fibre display, but that is quite a serious issue.
If it were lowered, companies would probably be more willing to bring back money
It doesn't seem to matter how low you set it, they always try to avoid paying it. Companies who moved to Ireland for their low corporate tax immediately started avoiding that too.
"When people are least sure, they are often most dogmatic." -- John Kenneth Galbraith