reply on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending \ stacker news ~econ

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35 sats \ 12 replies \ @Satosora 3 Jan \ on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending econ

Another reason why people will have to stay on the hamster wheel. Are people going to learn that their money is becoming worthless? Soon, with their income, they wont be able to buy any electronics without some kind of subsidy.

20 sats \ 11 replies \ @Undisciplined 3 Jan

They're learning, but slowly.

22 sats \ 10 replies \ @Satosora 3 Jan

Didnt they just have a similar issue with construction and speculation?

20 sats \ 9 replies \ @Undisciplined 3 Jan

Probably, commie central planners are always playing whack-a-mole with the new problems they're generating.

26 sats \ 8 replies \ @Satosora 3 Jan

What happens when a government invests in their people? Are there any societies like that?

20 sats \ 7 replies \ @Undisciplined 3 Jan

No, because governments don't have their own resources to invest.

The closest to "investing in their own people" would be massive wealth transfers from one group to another. There are plenty of governments like that.

38 sats \ 6 replies \ @Satosora 3 Jan

I meant more along the lines of investing taxes and such into the people so that the nation grows as a whole. Norway, Sweden, and Finland come to mind, but not sure exactly if that is correct.

20 sats \ 5 replies \ @Undisciplined 3 Jan

All three are substantially poorer than America. There's tremendous loss in transfer systems. Not to mention that the politicized nature of the transfers ensures that prosperity will not be the primary aim.

38 sats \ 4 replies \ @Satosora 3 Jan

Are they that much poorer? From what I gather, their system seems to be working. Happy people, less time at work, not super rich.

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