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- cross-posted to:
- [email protected]
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If a billionaire is in actual trouble, he’s in China. US would have bailed out Evergrande.
I have pretty severe concerns about how the Chinese government operates, but this is one thing they do right.
I have pretty severe concerns about the way the American government operates.
Yeah, well, I like having rights so we’ll just have to accept that everything can’t be perfect.
You know the majority of the world has the same if not more rights than you. Take Canada, I can go to any hospital without worrying if I will become bankrupt. I can own the majority of firearms this world has to offer and if I get pulled over, the police can not legally rob me because the money I have on hand isn’t drug money unless there is difinitive proof that it is.
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What the previous comment to yours was criticising the US govt. I didn’t move any goal posts was just pointing out that your freedoms is to do what your are told. Not much difference from China tbh
That’s the hypocrisy that we’re pointing out
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Typical American Exceptionalism take. Hey buddy, there are hundred of free countries that provide their citizens with inalienable rights.
How about you take your “America can do anything” attitude and apply it to GOOD instead of killing others?
American CAN do anything it wants, like helping its citizens.
It chooses not to.
Shhh, shhh. Quiet now.
Imagine living in a country where the rich are actually subject to the laws like everyone else…
Gee it sure sucks that Evergrande collapsed. What a horrible sign for the Chinese economy!
Chinese do not fool around. I expect they will make an example of this guy.
He is fucked… he is a dead man…
Man all these bad news about Chinese property market, hopefully there isn’t a collapse there as predicted.
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I mean, that sector is also a huge employer with lots of construction companies and jobs tied directly and indirectly to it. If the construction section comes down, that’s going to cause a lot of hardship on a lot of people. So even with cheaper houses (for a while, if the construction sector doesn’t improve you’ll get high prices again later) I’d say it’s a huge net negative for people and their lives.
Ponzi schemes don’t make anything productive.
I don’t know if you are using the word differently but property market includes stuff like construction companies, development companies, architect companies, material suppliers, engineering companies and stuff like that. Building a house seems fairly productive, for example.
Building a house is productive.
Taking payment in advance before building a house and buying a yaught, then having no budget to build the house so you take payment for another house and use that money to build the first house
is not productive.
Unfortunately all of that is included in that sector. So while that is shit and wouldn’t mind them being punished, there’s also all the other jobs and economic considerations. A lot of workers are working directly or indirectly within that sector.
No all of that is included because Evergrande is a ponzi scheme. They can undercut their competition by selling houses for such a low price that they can’t build them.
So they run on people pouring more and more money in and putting more and more projects on hold. That’s a ponzi scheme.
Building houses doesn’t have to be a ponzi scheme. Evergrande is.
Sucks to suck. This guy should be OK though, based on the CCPs history of fair trials and lenient sentencing.
Uh-huh: https://en.wikipedia.org/wiki/Incarceration_in_the_United_States
The United States has the largest known prison population in the world, it has 5% of the world’s population, and 20% of the world’s incarcerated persons. China, with four times more inhabitants, has less persons in prison.
Uh-huh:
https://deathpenaltyinfo.org/policy-issues/international/executions-around-the-world
As in previous years, execution totals do not include the estimated thousands of executions carried out by the world’s leading executioner, China, where execution data is considered a state secret; …
Like, a whole lot of secret state executions, pinky swear. 😂
As in, you doubt that people get executed in China?
Or
They do, but the numbers are inflated?
I’m just not sure what you’re trying to say.
I don’t doubt it: https://en.wikipedia.org/wiki/Capital_punishment_in_China
Although most death sentences are “with reprieve,” which seldom lead to execution: https://en.wikipedia.org/wiki/Death_sentence_with_reprieve
All of those are on the public record.
What I’m saying is: where is their evidence for an “estimated thousands of executions carried out” that are secret?
So you’re going with wilful ignorance. Neat.
Name a country that executes more people per year than China does.
Actually, since you can’t do that, don’t worry about it.
Anyhoo, they’ll execute him.
