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It fits with the theme of declining globalization and increasing protectionism. Still it seems strange for an allegedly free and open capitalist nation to turn
by aww_dang 5y ago
It fits with the theme of declining globalization and increasing protectionism. Still it seems strange for an allegedly free and open capitalist nation to turn away capital.
I suppose the political alternative would be questioning why the real estate market was managed in such a way to restrict supply, or disincentivize renting some of these foreign owned properties. Always easier politically to point and blame the external actors, the other tribe.
If this latest measure proves ineffective and taking responsibility for domestic mismanagement is off the table, what comes next? Nationalization or a bail-in of foreign held properties seems extreme, but how far can this go?