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China's building massive amounts of underused housing. US boomers could have built long-lived buildings and infrastructure (high-speed trains) which provide use
by coryrc 4y ago
China's building massive amounts of underused housing. US boomers could have built long-lived buildings and infrastructure (high-speed trains) which provide usefulness to people later in exchange for them paying some money for retirees.
Instead, they built ever-decaying roads and rotting ticky-tacky boxes and left nothing durable for future generations. Hell, they even ripped out trains in cities across the country. (Seattle interurban among so many examples).
- nradov 4y agoConstruction quality in China is generally bad, especially in lower tier cities. Those buildings and infrastructure aren't going to last.
- joelwilliamson 4y agoWasn't the Seattle interurban torn up in the early 1940s? I don't think you can blame that on the boomers.
- coryrc 4y agoThat's probably correct. Burke Gilman trail ripped out tracks in the 70s though.
- kaushikc 4y agoChina is what the US used to be. Even Charlie Munger said that they are displaying more mercantile behaviour whereas the US is being protectionist and enforcing non-trade based policies across the globe.