this post was submitted on 05 Feb 2024

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Chinese Economy Collapsing (lemmygrad.ml)

submitted 10 months ago by yogthos@lemmygrad.ml to c/memes@lemmygrad.ml

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[–] Shinhoshi@lemmygrad.ml 24 points 10 months ago (2 children)

I did and they sent me this WSJ article

[–] Tankiedesantski@hexbear.net 17 points 10 months ago

"How will the Free Market work if you don't assure the largest players that they'll be able to socialize their losses?! Read BASIC ECONOMICS!"

[–] RedClouds@lemmygrad.ml 2 points 10 months ago

Shoot, I don't have it offhand but you should send the Ben Norton video back, where he talked about how China is letting their property sector fail in order to shift their economy to being focused on green energy and tech.

As well, he mentions how morally corrupt it is to use property as an investment and how shifting where your investments are is actually a better idea.