Western media outlets have absurdly claimed China's economy is collapsing, due to a crisis in the real estate sector. But in reality, this is part of an inte...
Well to be fair changing the approach to land and housing will absolutely cause crashing their entire renter economy to the ground, but still, they are more stuck in and delusional than even the Russian aristocrats in beginning of XX century.
Huh they really think economy is just rent and finance?
They can’t comprehend real estate being anything other than rentierism and speculation.
Well to be fair changing the approach to land and housing will absolutely cause crashing their entire renter economy to the ground, but still, they are more stuck in and delusional than even the Russian aristocrats in beginning of XX century.
That’s been the mainstream conception of “economy” for half a century
Burgers think so, never experienced anything else.