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0 sats \ 0 replies \ @Rothbardian_fanatic 21 May \ parent \ on: The Strange Moral Relativism of "Free Trade" econ
How do you think the subsidies will affect the Chinese economy in the long run? I think the subsidies distort the economy so greatly that there is a lot of wastage and malinvestment. For instance, the ghost cities where they are destroying vast apartment complexes because they are rotting as they stand empty are a good example of malinvestments. And, just to think, they have whole ghost cities like that!