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I live in downtown Shanghai, my apartment is next to a block of land waiting for development. The land was auctioned more than 10 years ago to a private foreign

I live in downtown Shanghai, my apartment is next to a block of land waiting for development. The land was auctioned more than 10 years ago to a private foreign developer, they just left the land there doing nothing waiting for the land value to go up. Such land hoarding is again the law and they finally managed to get media attention this week. Anyone following local news here in Shanghai should be able to tell the location I am talking about. You are partially right here, people do not control the means of production, way too many greedy foreign companies do. That Mr. Huang mentioned in the article is another good example, why should he be paid only $1,000 USD when the same Ford car he built is being sold way more expensive in China than in the US?

baybal2 8y ago
When I did a short term contract in SH in 2016, I lived near an "ultraluxury" highrise that was five years old. At 21:00, I was only able to count like 15 flats having lights on.
atr_gz 8y ago
Why are you putting so much blame on foreign companies? Any statistics on WFOE in China to back that up?
marcinzm 8y ago
>why should he be paid only $1,000 USD when the same Ford car he built is being sold way more expensive in China than in the US? Because otherwise he'd be paid $0 since it'd be cheaper to manufacture the car somewhere other than China. Also, Chinese politicians are perfectly free to require such things so it's odd that you're blaming western companies which only have power in China because politicians let them have power. Of course, massive unemployment rates tend to cause more issues so it's clear why they don't.
- dis-sys 8y ago
  > Because otherwise he'd be paid $0 since it'd be cheaper to manufacture the car somewhere other than China. I asked the exact same question to my then boss many many years ago on why Chinese software engineers are paid far less than American engineers. His answer was almost identical to yours above and we all know what happened in the last 10 years.

baybal2 8y ago

When I did a short term contract in SH in 2016, I lived near an "ultraluxury" highrise that was five years old. At 21:00, I was only able to count like 15 flats having lights on.

atr_gz 8y ago

Why are you putting so much blame on foreign companies? Any statistics on WFOE in China to back that up?

marcinzm 8y ago

>why should he be paid only $1,000 USD when the same Ford car he built is being sold way more expensive in China than in the US? Because otherwise he'd be paid $0 since it'd be cheaper to manufacture the car somewhere other than China. Also, Chinese politicians are perfectly free to require such things so it's odd that you're blaming western companies which only have power in China because politicians let them have power. Of course, massive unemployment rates tend to cause more issues so it's clear why they don't.

dis-sys 8y ago
> Because otherwise he'd be paid $0 since it'd be cheaper to manufacture the car somewhere other than China. I asked the exact same question to my then boss many many years ago on why Chinese software engineers are paid far less than American engineers. His answer was almost identical to yours above and we all know what happened in the last 10 years.