One Maotai, one scotch, and one beer.


Posted On: Saturday - August 15th 2026 6:54PM MST
In Topics: 
  Music  Humor  China  Big-Biz Stupidity



I suppose this will end as Female stupidity week combined with China week. This combines the latter not really with the former, but the subject is a Chinese woman at least.

Peak Stupidity has written a whole bunch about China. We don't pretend to be experts, but your chief blogger has been to the Middle Kingdom either 11 or an even dozen times, and I feel myself somewhat more qualified to comment on the place than some rando website operator who watches youtube videos of young White girls discussing the place.

I've written about social problems there in a couple of posts 1 1/2 years ago: Back to China: All that glitter. and Back to China: That glitter? It ain't all gold. I said I wouldn't get into economics then, but now, I can tell you there's a big unemployment problem in China. That comes both from my reading and (more importantly) from personal contacts within the place. Here's one.

This middle-aged single Mom with one grown up kid has been employed in numerous jobs in/around the same big city. Hell, they're ALL big cities. For the last decade or more she's been an HR lady at various companies. Yeah, she's one of THOSE people, but I hasten to add that this is not the age of the attached Communist cadres, as during Mao's time or 21st century America. I imagine she did the actual necessary work regarding pay and such.

Speaking of pay, well, she's unemployed again now because the last company she worked went totally bankrupt. Yet, they owed her 20,000 yuan - about $3,000 in back pay. This company had produced liquor though, and there was still plenty of inventory left. So, to be fair, they paid her back wages in hard liquor. Her apartment is full of liquor bottles. I don't think she even drinks! Maybe she will start.

Now, this is amusing and demonstrates one of the things I like about China. These company people didn't feel the need to go all cover-your-ass legal-eagle. Giving their former employee her back pay in the form of liquor shows some caring and some thinking outside the bottle box.

Our Chinese friends have their social problems too, but they don't play the White man's blues to make it better. We've featured this song way back once already. It's time for George Thorogood (and his Delaware Destroyers) to tell us about his own unemployment woes and explain his solution.



Have a happy Sunday, Peakers. Thanks for reading, writing, or at least listening.



* More on the HR ladies here - - here and here.

Comments:
Moderator
Sunday - August 16th 2026 2:34PM MST
PS: Hello, Alarmist. I spent most of the day off-line, for a change. Investing in spirits, physical, not paper, seems like a decent idea. They're probably a little more trouble to take care of than PMs, but not too much. Some, as that whiskey, go up in *inherent* value, which is not the usual thing for assets, I think.

Ha, I THINK I get the joke, but not sure...
The Alarmist
Saturday - August 15th 2026 7:49PM MST
PS

“… something like 2 million barrels …”

The Alarmist
Saturday - August 15th 2026 7:48PM MST
PS

Back in 2010, Diageo found itself with a huge pension deficit, so they transferred something like maturing whiskey spirits to the pension scheme and then bought them as they matured over what might take as long as 15 years.

The joke in at the time is that since the paout was scotch, the worst case wasn’t necessarily the company defaulting on its cash payments.

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