It’s the assembly line model with vertical integration and economies of scale, and it’s extremely capitalist
It is capitalist, but it’s also socialist, which won’t be in the article, because a teardown can’t reveal those cost savings:
- Not having to pay for workers’ health insurance, because the state provides healthcare
- Not having to pay workers for hugely overpriced housing because of neoliberal asset price inflation
- Not having to pay people extra so they can pay their student loans, because education is free/cheap
- Not having to pay into pension funds or 401(k) matching.
Etcetera. I think there are also various infrastructure costs that are cheaper thanks to being state run, rather than privatized and for-profit.
You really just said housing prices were not overly inflated in China? You guys gotta talk to some Chinese people for real.
Over-inflated compared to where? And China’s problem—while it does exist—is improving.
- Reuters: China Evergrande ordered to liquidate in landmark moment for crisis-hit sector
- Bloomberg: China Reiterates Stance That Homes Are Not for Speculation
- CNBC: China’s housing minister says real estate developers must go bankrupt if necessary
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“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,” an English-language version of the report said.
