this post was submitted on 12 Mar 2024
389 points (98.5% liked)

World News

32283 readers
760 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
Rumblestiltskin@lemmy.ml
AgreeableLandscape@lemmy.ml
jackmarxist@lemmy.ml
zephyreks@lemmy.ml
OurToothbrush@lemmy.ml
389
China's housing minister says real estate developers must go bankrupt if necessary (www.cnbc.com)
submitted 8 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml
77 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Blue_Morpho@lemmy.world 7 points 8 months ago* (last edited 8 months ago)

wipe out the savings

It's zero sum to the population. Every dollar lost by an investor is a dollar saved by a new family buying a home.