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A comment on Intel might be too big to fail. Parent comment

Re:Intel might be too big to fail by gruez on Sunday November 03, 2024 @11:41AM (#42034065)
>On other hand homelessness is rampant in USA/Canada and that's a major fail of the capitalism.

Meanwhile in capitalist China[1], they're so great at building homes that there are entire cities with barely anyone living in them, "ghost cities". Insofar as a tight housing market contributes to homelessness, it's clear that it's caused by US/Canada specific factors (eg. NIMBYism, building codes, and environmental regulations) than capitalism.

[1] Even though ostensibly it's "socialist with chinese characteristics", for all intents and purposes the real estate sector is capitalist.

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Re:Intel might be too big to fail by insane_dreamer on Sunday November 03, 2024 @09:12PM (#42037787)
there isn't a problem with homelessness in China

but you are right that the capitalist market does restrict the supply of housing because people buy them as investments

also, the ghost cities is way overblown -- they just took time to fill up

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