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(Pseudo)economist seething: China’s state is eating the private property market
(www.economist.com)
this post was submitted on 28 Apr 2024
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China's housing crisis is "too many homes" and private developers are failing from overproduction, meanwhile the state is producing a ton of socialized housing
these seem like good problems to have
I remember how they were talking up the whole property bubble in China, and it was such obvious projection because they simply assumed China would do bailouts the way US did in 2008. Now that China did the sane thing, they're really mad about it because there isn't going to be a crash and the whole world can see that these kinds of problems can be solved in a way that doesn't fuck regular people over. The west keeps trying to peddle their rotten system as the best option, but China keeps demonstrating time and again that better things are in fact possible.