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[โ€“] 11 points 1 year ago (1 child)

Overproduction of commodities is certainly a problem for capitalists. But the workers get to enjoy a lower cost of living. Like I would much prefer we built ghost cities (Chengdu was derided as a ghost city at one point) than have a decades long housing crisis with no signs of improving unless we deport millions of people.

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  • [+] -2 points 1 year ago* (last edited 1 year ago) (2 children)
  • [โ€“] 9 points 1 year ago (1 child)

    Yeah, sure. China has a debt to GDP of 88.6%. That's not great. Luckily we don't have that problem in western capitalist countries, right?

    • USA: 121%
    • Canada: 104.7%
    • UK: 101.8%
    • France: 111.6%
    • Japan: 251.2%
    • Italy: 136.9%
    • Belgium: 105%
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