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Chinese prisoner’s ID card apparently found in lining of Regatta coat
(www.theguardian.com)
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this post was submitted on 01 Dec 2023
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That China created the oversupply doesn't change that it keeps housing cheap.
You argue as if the reason for the oversupply supply is only thing that's important. "Your honor, I murdered the victim using my democratic free market philosophy so the death is actually good. But that other murderer was a communist dictator so they should get the death penalty."
An oversupply keeps housing cheap. The US directly regulates the price of food by subsidizing farmers to maintain an oversupply that keeps food cheap. This hurts investors in futures markets but benefits all Americans. The Fed regulates interest rates to control inflation. This hurt stock market investors but benefits American consumers.
Do you mock all regulation or only when it's not the US?
My first statement was "everyone hates everything"
That is people criticize oversupply and undersupply. But it's one of the other. Markets aren't stable. It's why the US subsidizes food to keep the market at oversupply.
You criticized China's oversupply and ignored US's undersupply. Even after you mentioned US's undersupply in a reply, you still only criticized China's oversupply.
The 2008 real estate crash was not planned by the US government. The overbuilding was done with the money of retail investors.
Low income housing projects are subsidized by the government all the time.
My personal hot take is that oversupply is good for workers at the expense of investors. Investors are excess capital looking to make money without producing anything. Workers actually produce. Shifting excess capital from investors to workers is a good thing in the long term.
I didn't defend that op. I criticized one part of your reply. But you are so angry at China, that they could cure cancer and you'd say it's horrible and America should not do it because all the Pharma investors would lose their money.