pull down to refresh

0 sats \ 1 reply \ @anon 27 Aug \ parent \ on: Britain and France May Have to Seek IMF Bailout econ
In China the government direct capital toward productive industry and infrastructure.
Maybe. They've spent enormous amounts of capital on white elephant projects that'll never accomplish anything, such as their real estate bubble. That's not productive.
write
preview
0 sats \ 0 replies \ @Solomonsatoshi 27 Aug
The real estate bubble was a misallocation but the vast majority of fiat capital allocation has resulted in the most extraordinary economic development in human history. China now dominates global trade in manufactured goods, commodities and infrastructure construction. China enjoys Trillion dollar trade surpluses while the west suffers chronic trade deficits.
reply