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Just as serious is the problem of poor quality concrete used in many buildings in china. Due to corruption, many new buildings have been built of concrete made

Just as serious is the problem of poor quality concrete used in many buildings in china. Due to corruption, many new buildings have been built of concrete made with normal beach sand. Sand with salt causes iron to corrode and the concrete becomes brittle. It is commonly known as tofu dreg. Lots of buildings have already collapsed. If the bubble burst, and the property market collapses, it will hopefully make houses more robust in the future.

throw__away7391 3y ago
It is always crazy to me the ratio of damage done to benefit received by people committing crime and fraud. I don't know how much one could possibly pocket using such scheme, but I'm certain that compared to the destruction of the entire project it is not that high of a percent.
- prometheus76 3y ago
  They've already made their money and moved on to the next scam. Those living in the building are the ones who pay the ultimate price.
  - throw__away7391 3y ago
    Clearly, I'm just astounded by the magnitude of destruction people are willing to commit. It's like stealing a loaf of bread from your neighbor and then burning down his house to cover up the crime.
    - __rito__ 3y ago
      Not only well-meaning people suffer from near-sightedness. Conmen do, too. While committing the act, they just think in the short term, and not about the absolute destruction of people's lives and property. This nearsightedness complicate many problems further, and worsen them.
- badpun 3y ago
  As a popular Polish libertarian politician (Janusz Korwin-Mikke) likes to say: "a government official will waste a billion to steal a million".
  - ihumanable 3y ago
    That's a great way to put it. I'm always amazed at how small the bribes can be. When I hear stories with some quote similar to "then the senator granted them the mining rights to an $800M mine on public lands for a 3-night stay at Sandals." I'm mad about the corruption, but I'm also mad at the politician for being dog shit at realizing how large their bribe should be.
red-iron-pine 3y ago
like the national and maybe global economy will collapse and resulting economic shockwaves will screw over millions (billions?). but robust houses, man. in the future. eventually.

throw__away7391 3y ago

It is always crazy to me the ratio of damage done to benefit received by people committing crime and fraud. I don't know how much one could possibly pocket using such scheme, but I'm certain that compared to the destruction of the entire project it is not that high of a percent.

prometheus76 3y ago
They've already made their money and moved on to the next scam. Those living in the building are the ones who pay the ultimate price.
- throw__away7391 3y ago
  Clearly, I'm just astounded by the magnitude of destruction people are willing to commit. It's like stealing a loaf of bread from your neighbor and then burning down his house to cover up the crime.
  - __rito__ 3y ago
    Not only well-meaning people suffer from near-sightedness. Conmen do, too. While committing the act, they just think in the short term, and not about the absolute destruction of people's lives and property. This nearsightedness complicate many problems further, and worsen them.
badpun 3y ago
As a popular Polish libertarian politician (Janusz Korwin-Mikke) likes to say: "a government official will waste a billion to steal a million".
- ihumanable 3y ago
  That's a great way to put it. I'm always amazed at how small the bribes can be. When I hear stories with some quote similar to "then the senator granted them the mining rights to an $800M mine on public lands for a 3-night stay at Sandals." I'm mad about the corruption, but I'm also mad at the politician for being dog shit at realizing how large their bribe should be.

red-iron-pine 3y ago

like the national and maybe global economy will collapse and resulting economic shockwaves will screw over millions (billions?). but robust houses, man. in the future. eventually.