Overproduction of commodities is certainly a problem for capitalists. But the workers get to enjoy a lower cost of living. Like I would much prefer we built ghost cities (Chengdu was derided as a ghost city at one point) than have a decades long housing crisis with no signs of improving unless we deport millions of people.
Ok fine: this isn’t about the west. You see a comment about economics and your immediate response is whataboutism because you think this is about politics
Overproduction of commodities is certainly a problem for capitalists. But the workers get to enjoy a lower cost of living. Like I would much prefer we built ghost cities (Chengdu was derided as a ghost city at one point) than have a decades long housing crisis with no signs of improving unless we deport millions of people.
At some point, though, when the government keeps running up deficits to subsidize this, the bill comes due
Yeah, sure. China has a debt to GDP of 88.6%. That’s not great. Luckily we don’t have that problem in western capitalist countries, right?
This isn’t about the US. My criticism of the US was pretty clear in the original post
I also didn’t only post numbers for the US.
Ok fine: this isn’t about the west. You see a comment about economics and your immediate response is whataboutism because you think this is about politics
Did you know that most of China’s debt is held domestically?