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A comment on Soviet Collapse Echoes in China’s Belt and Road. Parent comment

Re:Soviet Collapse Echoes in China’s Belt and Road by seanmcdirmid on Monday August 13, 2018 @10:17PM (#17755116)
There are more booms to be found in China, for sure. But corrections/recessions/crashes are needed to wash out the bad elements so the better ones can thrive.

The party has stated they can do this on their own, but given that their families' control of large parts of the economy has become a huge part of the problem they are unwilling to manage (which would have been hard anyways).

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Re:Soviet Collapse Echoes in China’s Belt and Road by fspeech on Tuesday August 14, 2018 @01:24PM (#17759887)
Crashes are happening all the time. For example right now P2P lending is crashing hard. The question is if it is worth it to have a systematic crash in order to clear the markets, as in Andrew Mellon's "liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate." China is not the only one in the modern world unwilling to crash systematically.
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