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this post was submitted on 04 Feb 2026
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Late Stage Capitalism
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Environmental policy was a big one. China took a hard pivot in the '00s, cutting emissions, advancing alternative energy, reforesting deserts, rapidly advancing HSR, building enormous wild life refugees.
Their insourcing of processors was another. Going from Taiwan's biggest customer to it's biggest competitor in a decade and change.
Then there was the housing boom - remember "Chinese Ghost Towns"? All over the news in the early '10s. Now China has more homeowners than any other county on Earth with more than 90% of households owning at least one property.
i've never understood how anyone could think the "ghost towns" wouldn't obviously be filled shortly. One of the most significant facts about China is that they have a stupendously massive population, and consider Boston a quaint medium-sized town.
That population isn't growing like it used to. Those buildings are looking likely to sit empty indeed.