Oh, I just have to think this is simply just further evidence of China's predilection for disastrously wasteful and corrupt, Party-directed capital allocation.
If you need a relatable, visceral example of this economically suicidal phenomenon, look no further than the absurdity of China continuing to build and build completely empty cities, and for its people (often, by lack of alternatives, be compelled) to invest in these ludicrously overvalued, essentially worthless assets (this is an asset bubble that will pop, simultaneously with all the other bad debt hidden throughout the Chinese economy, and will absolutely dwarf any asset bubble the world has ever seen):
As economist Herb Stein famously said “If something cannot go on forever, it will stop.” (I will forever quibble with that exact phrasing, however. I think it's more accurate to say "If something cannot go on forever, it won't." But anyways...)
Or, domestically, just think Solyndra et al... doomed-from-the-start, politically-directed "investing" that no sane investor would touch with a thousand foot pole.
Yes, we have huge problems in the country. And yes, China appears fearsome and menacing, for many undeniable reasons.
But don't forget, China is set to utterly implode in the not-too-distant future on a scale that's almost beyond comprehension. And in the resulting chaos, it will blessedly take the demonic, murderous Chinese Communist Party with it.
TL;DR no, I don't think this is the handiwork of "the plan", but simply a result of reality laughing in the face of central planning.
Thanks for your throughly considered reply. I suppose when you put it in terms of wasteful, corrupt, party-directed capital allocations (similar to some of our own disastrous capital allocations as you remind us all!) your posit does meet the standard for Occam's Razor thus, my hope this is an effect of a CI operation is diminished to ashes.
Thank you for the reminder that China's CCP will implode. This seems to be more than fair recompense for the dashing of my premise and hope.
It's always calming to remember, in times of personal unease, that it's 100% guaranteed that the Chinese Communists will all have their heads deservedly on stakes before too long, and No Yuan Can Stop What Is Coming!
Oh, I just have to think this is simply just further evidence of China's predilection for disastrously wasteful and corrupt, Party-directed capital allocation.
If you need a relatable, visceral example of this economically suicidal phenomenon, look no further than the absurdity of China continuing to build and build completely empty cities, and for its people (often, by lack of alternatives, be compelled) to invest in these ludicrously overvalued, essentially worthless assets (this is an asset bubble that will pop, simultaneously with all the other bad debt hidden throughout the Chinese economy, and will absolutely dwarf any asset bubble the world has ever seen):
https://www.independent.co.uk/travel/empty-china-cities-12-eerie-photos-enormous-chinese-completely-empty-people-ghost-towns-abandoned-a7982646.html
https://www.bbc.com/future/article/20170223-chinas-zombie-factories-and-unborn-cities
As economist Herb Stein famously said “If something cannot go on forever, it will stop.” (I will forever quibble with that exact phrasing, however. I think it's more accurate to say "If something cannot go on forever, it won't." But anyways...)
Or, domestically, just think Solyndra et al... doomed-from-the-start, politically-directed "investing" that no sane investor would touch with a thousand foot pole.
Yes, we have huge problems in the country. And yes, China appears fearsome and menacing, for many undeniable reasons.
But don't forget, China is set to utterly implode in the not-too-distant future on a scale that's almost beyond comprehension. And in the resulting chaos, it will blessedly take the demonic, murderous Chinese Communist Party with it.
TL;DR no, I don't think this is the handiwork of "the plan", but simply a result of reality laughing in the face of central planning.
Thanks for your throughly considered reply. I suppose when you put it in terms of wasteful, corrupt, party-directed capital allocations (similar to some of our own disastrous capital allocations as you remind us all!) your posit does meet the standard for Occam's Razor thus, my hope this is an effect of a CI operation is diminished to ashes. Thank you for the reminder that China's CCP will implode. This seems to be more than fair recompense for the dashing of my premise and hope.
Sure thing!
It's always calming to remember, in times of personal unease, that it's 100% guaranteed that the Chinese Communists will all have their heads deservedly on stakes before too long, and No Yuan Can Stop What Is Coming!
I would updoot your comment twice if I could because of your, '...No Yuan Can Stop What Is Coming!' Hilarious.
Archived link-
https://archive.is/TDIWR