chapotraphouse

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NYT: Efficiency in an economic system depends on if investors are VCs (efficient) or municipal sovereign wealth funds (inefficient). (archive.is)

submitted 4 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]

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Hey guys I'm sorry but China is not gonna beat the allegations this time. They'd be a much better country if they abandoned their inefficient investment system where the profits of capital investment pay for infrastructure and public services. They need to be civilized and rational and add those profits to the wealth leader board highlighting the shittiest people in the country.

Consider this lefties, If we didn't have capitalism would we even know how much of a shithead Elon Musk is? Hmm?

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[–] [email protected] 32 points 4 days ago (1 children)

The other China — gloomy China — tells a different story: sluggish consumer spending, rising unemployment, a chronic housing crisis and a business community bracing for the impact of the trade war.

projection

[–] [email protected] 22 points 4 days ago (3 children)

Housing crisis? Isn't China's homeless percentage nearly nonexistent while the US is as high as 40 homeless people per 10,000 total population? What the fuck are they even talking about?

[–] [email protected] 13 points 4 days ago

crisis is when line of asset prices don't go up, which in normal society - it shouldn't, everyone has home, why in fuck would you buy more.

[–] [email protected] 7 points 4 days ago

They might be calling the housing bubble in China a "housing crisis?" It isn't a crisis of people being homeless but investing in housing and losing trillions of yuan collectively

[–] [email protected] 6 points 4 days ago

I can't give an informed answer, but when I visited China for work I did see homelessness (people living in caves and getting water from a river as explained to me by our hosts). Not as prevalent as I've seen on the US West Coast