"The horrors of rich people not getting bailed out"
The capitalist West: "The free market allows businesses to fail, government intervention bad"
Also the neoliberals: "China not bailing out real estate corporations is evil 1984 commie totalitarianism"
A very serious ideology.
Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.
We literally did it again in 2020, idk what you are talking about about. What do you think 'quantitative easing' is?
I mean what exactly do you think a dictatorship of the borgschwazzee is?
If there was any hope for this country burning down businesses that got PPP loans forgiven would have been a nationwide meme.
I saw Jamie Dimon's name in a headline the other day that wasn't about a jail sentence or an obituary. It's incredible his name still has purchase in the world of economics.
"But they paid back those loans with interest" - my mother
Yea turns out when instead of punishing a company for taking everybody's money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.
Isn't that what capitalists say should happen under capitalism? A CEOs take a risk and suffer if it doesn't pay off?
Well yeah but not for THEM silly, for other executives and firms that screw up
They just made an oopsie
Communists will see property developers being punished for going against the interests of the masses and think “hell yeah”
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
Typing this should be one of the requirements for account sign-up.
China is so cool, im looking into the barrel of a dying planet and a government that does not care about me and even if china is somehow ebil ccp 1984 winnie pooh corruption atleast they did things that i genuinely wish we could do even a fraction here
Oh no a corrupt government smacked the shit out of the same capitalists that ruined my life here in the states
Yeah I'm not like on the China good train at all. But like, every time I point at China doing something good and people here in the US start frothing at the mouth and I'm like affordable housing is good? It's good. You complain about the cost of housing in the US constantly.
I don't have a strong opinion on China. I don't know a lot about the politics and I don't trust Western media to report accurately about it.
She was helping MINORS to get HRT!!
(Anti-communist trans youtuber Keffals used to sponsor a website giving information about DIY HRT. It was the most based thing she has ever done.)
Do they really belive that it would be good to give property developers a bailout?
It's CNBC, a news channel by finance bros for finance bros.
The mere concept that rich people should not be coddled in literally every way imaginable is like hell to them.
Good point. Imagine how rich people must feel when they get no treats.
Oh were gonna spend billions of dollars bailing out all the people who thought it was a good investment to buy a bunch of rental properties and charge people more for rent than they make in a month.
Rent can't keep going up 20% every year for too long before something breaks.
It's really easy, renters can just make more money to pay rent. I don't see any problems with that.
China's speculative real estate market has been insane for decades now. If you've ever visited, you can literally see it. A lot of the projects lose funding midway through and just go half constructed and abandoned for years. Large scale malls that were built in the last 5 - 10 years are just completely empty.
Really hoping this is an opportunity for crackdown and the government takes it.
I will say that there is a lot of cheap real estate. I can buy a flat that is five times the size of my shoebox sized flat in the UK for a third of the price.
One of the reasons I would love to move there. I can't imagine ever being able to afford my own home here, but over there I actually could, and even if I couldn't, the rent would be far cheaper.
Once i realized these articles aren't for us, but by and for other capitalists, (with a side benefit of teaching proles apologia) the ridiculous takes started to make way more sense to me.
It's just a much more sophisticated form of making your opponent a wojack and you a Chad
Damn that Chinese housing market sure will come crashing anyyyyyyy day now.
Also, ignore the lack of housing and food in your 3rd-world-capitalism-party of a country
"China is going to collapse because they have more available homes than people looking for homes" - the country with a massive homeless crisis because it takes 3x average income to rent a 1 bedroom apartment
"Who will build new housing if they punish the real estate developers?"
Unironic take I've seen on Twitter
So I guess we're going to see what happens when a country learns from others past mistakes
China is cheating because they're playing the game on easy mode by being able to watch America enthusiastically shoot itself in the face over and over again to learn what not to do in a modern economy.
It’s funny because the US can also watch and learn from China as they lay out their agenda very clearly and publicly with deadlines and timetables.
Not China's fault that Americans are pathologicaly afraid of learning from history because American history is nothing but racism, slavery, and genocide all the way down.
I’m not a drug addict spiraling into nothingness—I’m winning my battle against sobriety, and the futility of entropy (I just thought the second thing sounded cool).
