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China's growth was the result of uncoordinated market activity of private actors. They switched systems. I don't think Romania and Hawaii form an apples-to-ap
by SamReidHughes 7y ago
China's growth was the result of uncoordinated market activity of private actors. They switched systems.
I don't think Romania and Hawaii form an apples-to-apples comparison.
Romania: a country in Europe, occupied by the Soviets after World War II, with 16 million people. Neighbors Hungary, Yugoslavia, Ukraine, and the Black Sea.
Hawaii: a U.S. territory for half a century, with 620 thousand people. Noted for its proximity to Johnston atoll (825 miles from Honolulu), Midway Island (1311 miles), and San Francisco (2393 miles).
- EGreg 7y agoWhat would you say is an Apples-to-Apples comparison? And with China, I don’t think it is at all accurate to say that the millions of miles of new roads, bridges, infrastructure, ghost cities etc. were built because private market actors woke up one day and decided to make massive infra investments. It was central planning. And a lot of the science, electric vehicles etc. is sponsored by govt too, that is why China is the world leader.
- SamReidHughes 7y agoIf you're talking about roads and bridges, that's all we need to hear. You're constructing a strawman.
- EGreg 7y agoAll the infrastructure including entire cities. Why is it a strawman
- SamReidHughes 7y agoChina's ghost cities were privately developed. Edit: A better example for you would be Singapore, with its history of public housing, which gets privately owned (or 99-year-leased). They also have public roads.
- EGreg 7y agoCan you please back up your assertion with sources? Here is the opposite of what you said: Developers acquire new plots of land from local governments and are mandated to construct something more or less immediately.[10] Developers can't sit idly on vacant land and wait for the surrounding area to develop until it's economically viable.[10] This creates the quick-buck mentality in developers to rapidly build in the new area without the necessary demand for housing.[10] "The cities are product of plan-driven economy that many cities are not expected to be complete or vibrant after 15 years of construction." https://en.wikipedia.org/wiki/Under-occupied_developments_in_China https://en.wikipedia.org/wiki/Under-occupied_developments_in...
- SamReidHughes 7y agoYou literally backed it up for me.
- EGreg 7y agoI backed up pretty much the opposite of what you said. Massive government involvement setting the rules and mandates for developers who take the project.