Subj : Your opinions on communism
To   : Kirk Spragg
From : michael goodwind
Date : Fri Aug 02 2024 10:02 pm

 KS> I watched it a couple of days ago . That is quite an interesting video
 KS> which synthesizes a lot of the sporadic info I have come across
 KS> regarding China's realestate collapse and their demographic collapse.
 KS> I did not realize how heavily Chinese families were investing in
 KS> realestate. I though it was just the local governments.. the whole thing
 KS> (as described by the video you linked) sounds like a giant ponzi scheme,
 KS> one that has collapsed quite spectacularly.
 KS> 
 KS> That gotta hurt & its hardly surprising that Chinese families are not
 KS> willing to spend more than they have to.. which is going to make
 KS> I really wonder how they will pull themselves out of this mess.

Especially when there is an almost religious aversion to consumerism.  It's like they get stuck in a death spiral.

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