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Is China's economic bubble about to burst
#1
China’s Ghost Cities…

...and people think real estate is bad in the US.
The true purpose of democracy is not to select the best leaders — a clearly debatable obligation — but to facilitate the prompt and peaceful removal of obviously bad ones. 
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#2
China’s Ghost Cities…

...and people think real estate is bad in the US.
The true purpose of democracy is not to select the best leaders — a clearly debatable obligation — but to facilitate the prompt and peaceful removal of obviously bad ones. 
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#3
Good place for refugees in case China ever attacks anyone. Kind of like a Prebuilt ghetto.
[Image: 760.png]
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#4
Good place for refugees in case China ever attacks anyone. Kind of like a Prebuilt ghetto.
[Image: 760.png]
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#5
WarBicycle Wrote:China’s Ghost Cities…

...and people think real estate is bad in the US.

Isn't a Command Economy just great?! And nobody has to take any chances, as Adam Smith once described. The State makes all the decisions for you. Who could ask for more?

Annnnnddd, the more PRC goes about propping up itself, and hiding the problems, the harder the fall, when(not if) it arrives, and all the warts are exposed to everyone.

People keep talking about how China has embraced capitalism. Do you believe that? And just think how efficient the Chinese government is. Remember, "Waste not, want not. Wink1
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#6
WarBicycle Wrote:China’s Ghost Cities…

...and people think real estate is bad in the US.

Isn't a Command Economy just great?! And nobody has to take any chances, as Adam Smith once described. The State makes all the decisions for you. Who could ask for more?

Annnnnddd, the more PRC goes about propping up itself, and hiding the problems, the harder the fall, when(not if) it arrives, and all the warts are exposed to everyone.

People keep talking about how China has embraced capitalism. Do you believe that? And just think how efficient the Chinese government is. Remember, "Waste not, want not. Wink1
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#7
That's interesting and depressing. I don't see capitalism as being out in China,the capitalists make fortunes from the waste of the command economy planners.

IMO,this is not so different than the USA,we just don't go overboard like this on central planning,but,our state also shares public funds with private capitalists.

Any huge corporation can enhance it's assets by dealing with the US federal state,we just don't do the engineering in the HUD as much as private developers plan and then get a level of assets from the public trough to complete their programs.
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#8
That's interesting and depressing. I don't see capitalism as being out in China,the capitalists make fortunes from the waste of the command economy planners.

IMO,this is not so different than the USA,we just don't go overboard like this on central planning,but,our state also shares public funds with private capitalists.

Any huge corporation can enhance it's assets by dealing with the US federal state,we just don't do the engineering in the HUD as much as private developers plan and then get a level of assets from the public trough to complete their programs.
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#9
Isn't the capitalism in China largely crony capitalism? If so, is is not a real laboratory of capitalism.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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#10
Isn't the capitalism in China largely crony capitalism? If so, is is not a real laboratory of capitalism.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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#11
jt Wrote:Isn't the capitalism in China largely crony capitalism? If so, is is not a real laboratory of capitalism.

It's what a lot of people, who are uncomfortable with the "F" word, call it today. But it's still Collectivism Stew, flavoured with Fascism, any way you serve it up.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#12
jt Wrote:Isn't the capitalism in China largely crony capitalism? If so, is is not a real laboratory of capitalism.

It's what a lot of people, who are uncomfortable with the "F" word, call it today. But it's still Collectivism Stew, flavoured with Fascism, any way you serve it up.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
Reply
#13
Potemkin cities writ large.

The Chinese build these monstrous cities to ensure work for a growing middle class - even though there is no demand for them. There are millions upon millions of agrarian Chinese moving to cities, and these have not been saturated to where they need new ones yet. What happens when such structures are built on spec, is that they are always built sub-standard and are usually deemed unlivable by the time they are ever occupied. Perhaps the next stage is demolition, then rebuilding.

In the USA, any building must be inspected and issued a certificate of occupancy when it is built. Buildings that are unoccupied or in hiatus must be safed off: utilities capped and all potential dangers attended to. If unused for more than a calendar year, such structures must be taken down to the dirt before any construction is allowed to be restarted, even if safed off. This happened in Vegas where Echelon was stopped after the towers were mostly built. The multi-billion dollar project was safed-off, but after a year of not being restarted became a total loss.
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#14
Potemkin cities writ large.

The Chinese build these monstrous cities to ensure work for a growing middle class - even though there is no demand for them. There are millions upon millions of agrarian Chinese moving to cities, and these have not been saturated to where they need new ones yet. What happens when such structures are built on spec, is that they are always built sub-standard and are usually deemed unlivable by the time they are ever occupied. Perhaps the next stage is demolition, then rebuilding.

In the USA, any building must be inspected and issued a certificate of occupancy when it is built. Buildings that are unoccupied or in hiatus must be safed off: utilities capped and all potential dangers attended to. If unused for more than a calendar year, such structures must be taken down to the dirt before any construction is allowed to be restarted, even if safed off. This happened in Vegas where Echelon was stopped after the towers were mostly built. The multi-billion dollar project was safed-off, but after a year of not being restarted became a total loss.
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#15
Bill, eventually there is going to be hell to pay for the Chinese. And the longer they continue to prop up this paper dragon, the more terrible the fall. If we think the US is in huge trouble, and we really are, this thing with the PRC far exceeds anything that could happen to us, when it does happen.

I can just well remember how we were all certain how the Japanese were going to be ruling the world, back in the 1980s. Even Michael Crichton wrote "Rising Son" which was all about Japan on the rise. And look what happened to it.

If,..........no When china falls, if they accept all that Keynesian Horseshit the World Bank/IMF forced on Japan, they will be out of the running for decades, just like Japan.

I'm still placing my bets on India as being the next real rising star in the economic world. And who knows, perhaps Hong Kong will finally declare independence and go it's own way. Lots of possibilities.

But China is going down, Sooner or Later. And the later, the worse it will be for them.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#16
Bill, eventually there is going to be hell to pay for the Chinese. And the longer they continue to prop up this paper dragon, the more terrible the fall. If we think the US is in huge trouble, and we really are, this thing with the PRC far exceeds anything that could happen to us, when it does happen.

I can just well remember how we were all certain how the Japanese were going to be ruling the world, back in the 1980s. Even Michael Crichton wrote "Rising Son" which was all about Japan on the rise. And look what happened to it.

If,..........no When china falls, if they accept all that Keynesian Horseshit the World Bank/IMF forced on Japan, they will be out of the running for decades, just like Japan.

I'm still placing my bets on India as being the next real rising star in the economic world. And who knows, perhaps Hong Kong will finally declare independence and go it's own way. Lots of possibilities.

But China is going down, Sooner or Later. And the later, the worse it will be for them.
___________________________________________________________________________________________________
"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#17
JT,

Yes,with the CCCP access,capitalism over there is more good ole boy stuff.

Here our capitalists that use our state have to buy their way in first.
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#18
JT,

Yes,with the CCCP access,capitalism over there is more good ole boy stuff.

Here our capitalists that use our state have to buy their way in first.
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#19
not really different. the admission fees were paid generations ago, and the grandgrandchildren still rule.
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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#20
not really different. the admission fees were paid generations ago, and the grandgrandchildren still rule.
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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