09-09-2024, 07:28 PM
(09-09-2024, 08:32 AM)FlyingClayDisk Wrote: One way you can know this is by looking at what happens whenever China tries to do something rash. It generally always fails. Just look at the real estate boom throughout Asia, especially SE Asia, since about 1998. All of that investment is now coming back to haunt China in a big way. It's so severe, it could possibly collapse the Chinese economy if they don't figure out a solution. The... "Field of Dreams - Build it and they will come.".... strategy has failed stupendously. It's actually astonishing how badly that whole initiative has failed.
I think this is a common outcome of "business informed by ideology" of which most people I grew up with would have immediately said "Well, that'll never work." (Today, only to be virtue-signaled out of the conversation.) Business will always self-correct... one way or another. Many ideologues seem not to learn this lesson between generations...Their ideology is "different now" they always proclaim.
