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re: Why is the west melting over Chinese "overproduction"?
Posted on 5/7/24 at 12:02 pm to Zach
Posted on 5/7/24 at 12:02 pm to Zach
quote:
Chinese overproduction is hurting their economy.
Their plan was always unsustainable. Their empty buildings are worth more unfinished than finished.
Their wealth building scheme was awful, which you would suspect from central planners.
1
Posted on 5/7/24 at 12:13 pm to RogerTheShrubber
quote:
Their wealth building scheme was awful, which you would suspect from central planners.
And the USSR should have shown them that central planning doesn't work.
The Soviets beat the US in Sputnik and with the first manned space flight. At the same time their grocery stores and consumer products were 20 years behind the U.S. Investment is determined best by the free market.
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