The commies can't keep getting away with ... checks notes ... running a free market!
watch market socialism with a government aggressively enforcing a strict bounded free market actually do capitalism better then capitalism
“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,” - but what about the profit motive?
Normalize not bailing out failing big businesses, hope we can bring that custom over here.
If you want privatized gains, you must accept privatized losses. No risk, no reward.
Unlike U.S. bailing out "too big to fail", China says "fuck you - we keep the tax dollars for us.".
Near perfect capitalistic communism as is possible.
I'm sure there is a lot more nuance and context here that I don't know about, but at face value that's a pretty cool solution and I like it. The question is: how much of these developments were greenlit by government officials who are now refusing to foot the bills?
how much of these developments were greenlit by government officials who are now refusing to foot the bills?
By that logic, most U.S real estate companies like Blackrock and Freddie Mae would be greenlit, could you be more specific...
If we just mean which ones were state-owned (because "privatized gains, privatized losses" as one said), not much
According to even "China collapser" Michael Pettis:
Showhttps://twitter.com/michaelxpettis/status/1610265849528717318/photo/1
Then again, it's Caixin, so you can double-check...
That graph shows the development agreements purchased by government has increased yoy, which contradicts what you just said...?
Well, I thought the nationalizations were more of a response, than the cause of what happened, then again...
I mean, didn't the whole crisis start from 2020... so I don't understand the contradiction in my argument here...
Elaborate it a bit more?
