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[–] 42 points 3 years ago

the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

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  • [–] 39 points 3 years ago (4 children)

    BBC really can't help being sinophobic in any situation, huh?

    Why is this country doing better? It must be mommy and daddy's money.

    Where did that money come from? How come %70 of millennials have rich parents? How does that work?

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  • [–] 9 points 3 years ago

    And then here in America they just advise millennials.

    "Just live with mummy and daddy forever and inherit their property when they pass. Porky want money, porky needed what would have otherwise been your house!"

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  • [–] 29 points 3 years ago

    But at what cost? 😔 /s

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  • [–] 25 points 3 years ago
    [–] 22 points 3 years ago (2 children)

    But Rahm Emmanuel tweeted that Chinese youth are suffering the most from economic woes. Rahm Emmanuel would never lie to me!

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  • [–] 16 points 3 years ago

    It would be interesting to see how much houses cost, average mortgage, all juxtaposed with average wages, average cost of goods. I feel like all this information would reinforce an already massive point.

    Is Mexico really #2? That's a huge gap.

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  • [–] 14 points 3 years ago

    One Child Policy helped with this, when combined with massive poverty reduction and land redistribution. Only one kid to pass things onto and to help out with

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  • [–] 13 points 3 years ago
    [–] 13 points 3 years ago (3 children)

    Mexico being here has to be a fluke related to living close to the US. Like i feel the ruling class here didn't hoard that much property (tho its getting worse) because they prefer living/spending in the US.

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  • [–] 10 points 3 years ago (2 children)

    This info is from a study conducted 6 years ago that only looked at 9 countries. Malaysia and Canada aren't on the list and idk what the 9th country is because the link that article provides is broken.

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  • [–] 1 point 3 years ago (1 child)

    Oh, okay. I guess we can just ignore the entire study and go on pretending that the west is the pinnacle of human achievement. Whew! That was close!

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  • [+] -11 points 3 years ago (3 children)

    My uninformed understanding is you pay for a house then they build it and construction companies/banks are defaulting so houses aren't being built despite being "owned"?

    No idea at what rate that's happening.

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  • [–] 21 points 3 years ago (2 children)

    are you getting your info from serpentza thumbnails? Banks aren't defaulting left and right in China

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  • [+] -9 points 3 years ago (1 child)

    https://en.m.wikipedia.org/wiki/2020%E2%80%932023_Chinese_property_sector_crisis

    Didn't say they were. A few have. Hopefully they aren't indicators of a larger problem

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  • [–] 25 points 3 years ago* (last edited 3 years ago)

    this is a fake thing made up by western economists who predict china's collapse every day for the last 2 decades. First it was ghost cities made up of empty housing, now the story is not enough housing and a bunch of ghost owners without houses? Seriously think about it for one second, if this 'crisis' has been ongoing for a decade yet China still is growing faster than the west is it really a 'crisis' and does it make any sense that they have too many yet not enough homes?

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  • [+] -20 points 3 years ago* (last edited 3 years ago) (9 children)

    Pretty sure you can't own a house in China, isn't it like a life time lease?

    Edit: thanks for all the downvotes for asking a question. Have a good day.

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  • [–] 15 points 3 years ago (3 children)

    'Ownership' anywhere is essentially a life time lease, right? Unless you can figure out how to take it with you.

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  • [–] 2 points 3 years ago (2 children)

    In that case in other places, if I own the property I can leave it in trust or in a will to other people when I die, genuinely curious because I don't know... Is that possible with how China does things?

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