TFA is correct that corruption and inequality are major hazards. But the greatest and most immediate threat is the real estate bubble, in my observation. There

TFA is correct that corruption and inequality are major hazards. But the greatest and most immediate threat is the real estate bubble, in my observation. There have been plenty of articles pointing out that the prices are unsustainably high and fueled by speculation and artificially cheap loans, and that the construction quality is terrible largely due to embezzlement. It's not a matter of if it all comes crashing down, but when.