this post was submitted on 15 Apr 2024
218 points (96.2% liked)
GenZedong
4298 readers
106 users here now
This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.
This community is for posts about Marxism and geopolitics (including shitposts to some extent). Serious posts can be posted here or in /c/GenZhou. Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively.
We have a Matrix homeserver and a Matrix space. See this thread for more information. If you believe the server may be down, check the status on status.elara.ws.
Rules:
- No bigotry, anti-communism, pro-imperialism or ultra-leftism (anti-AES)
- We support indigenous liberation as the primary contradiction in settler colonies like the US, Canada, Australia, New Zealand and Israel
- If you post an archived link (excluding archive.org), include the URL of the original article as well
- Unless it's an obvious shitpost, include relevant sources
- For articles behind paywalls, try to include the text in the post
- Mark all posts containing NSFW images as NSFW (including things like Nazi imagery)
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If this is true, why are the Chinese buying real estate all over the globe? Something’s not adding up here.
It's not the Chinese buying real estate in the west, it's Chinese capitalists. A lot of Hong Kong bourgeois for example have been buying property in and in many cases have moved to the west since 1997, since they're terrified of losing their extortionate privilege of property ownership under the dictatorship of the proletariat.
Working class Chinese people, while on average wealthier than their western working class counterparts, do not have the capital nor the material interest to buy real estate in the west, whether for speculation or to move their ill gotten gains out of China.
Because houses are used for speculation in the countries where they are buying them