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.
... Press any key to continue or any other key to quit...
