Lol. You Sino fanboys really need to take a look at their sovereign debt ratios. China's in serious trouble.
-
-
Replying to @mfckr_ @rec0nciler and
That's the standard wisdom, sure.http://www.unz.com/article/chinas-financial-debt-everything-you-know-is-wrong/ …
3 replies 0 retweets 3 likes -
Replying to @Outsideness @rec0nciler and
Makes China out to be a glorified technocratic ponzi scheme. Malinvestment is still just that, whether spent on infrastructure or welfare.
1 reply 0 retweets 1 like -
Replying to @mfckr_ @rec0nciler and
If you think Chinese transport infrastructure spending is "malinvestment" you've been deluded by ideology. It's a model of the opposite.
1 reply 0 retweets 1 like -
Replying to @Outsideness @rec0nciler and
Of which we have no way of adjudicating how much was needed or wanted by those living there. And how much was pretense for govt gibs.
2 replies 0 retweets 4 likes
Those two options draw the worst Venn diagram ever. An extraordinary development process has been catalyzed by this spending.
-
-
Replying to @Outsideness @rec0nciler and
Does everyone sleep through the lecture on opportunity cost yet pretend to be 'capitalist', or what?
1 reply 1 retweet 4 likes - 9 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.