Re:Chinese Trust Companies on the Brink
by fnordpiglet on Sunday August 13, 2023 @05:59AM
(#37108372)
First, having extreme excesses of anything is a waste. Imagine a city where 25% of the houses were abandoned. That’s Detroit. It’s not good. It’s blight.
Second, they are being financed in a Ponzi scheme with rents that are so high no one can rent them. They aren’t really built to be lived in. They’re being built to be built to drive debt investments.
Third, if you produced way too much food, it rots. If you produce too much electricity, it is wasted into the ground. Water into the ocean. That’s pointless and a waste.
Second, they are being financed in a Ponzi scheme with rents that are so high no one can rent them. They aren’t really built to be lived in. They’re being built to be built to drive debt investments.
Third, if you produced way too much food, it rots. If you produce too much electricity, it is wasted into the ground. Water into the ocean. That’s pointless and a waste.