4 ms·

If you think our housing bubble in the capitalist west was crazy.. wait until you read about the ongoing one in central planned China...

• bumby 4y ago
  That’s my point. The same effect exists in both systems so it doesn’t make a very strong argument against one or the other.
  • hobobaggins 4y ago
    GP is making a point about the relative scale of the problem in one vs the other, not that the problem doesn't exist in both.
    • bumby 4y ago
      It’s hard to be worse than wrecking the world economy until central planning had to bail them out.
• xorcist 4y ago
  Capitalism have no universally agreed on definition but by many definitions, certainly any Marxist one, modern China is very much a capitalist society.
  • deleted 4y ago
    [deleted]