There was growing wealth inequality, while at the same time all boats were rising. But now wealth inequality is shrinking, and all boats are still rising.
Maybe there’s hard data for that somewhere—I dunno—but since COVID, the Chinese state intentionally popped their housing construction bubble and made the capitalists take the hit.
They didn’t intentionally pop this bubble. It popped and they have done everything in their power to limit the damage. China might not be forthright about their policies but they do seem to be interested in preventing social collapse.
No, I am saying the crash of Evergrande was in no way a planned or negotiated event. Everyone knew there was trouble but no one “popped” it intentionally.
There was growing wealth inequality, while at the same time all boats were rising. But now wealth inequality is shrinking, and all boats are still rising.
Well 4 years ago it was shrinking. How about post-COVID?
Maybe there’s hard data for that somewhere—I dunno—but since COVID, the Chinese state intentionally popped their housing construction bubble and made the capitalists take the hit.
They didn’t intentionally pop this bubble. It popped and they have done everything in their power to limit the damage. China might not be forthright about their policies but they do seem to be interested in preventing social collapse.
Do you think we pull these things out of our butts?
No, I am saying the crash of Evergrande was in no way a planned or negotiated event. Everyone knew there was trouble but no one “popped” it intentionally.