China is surely jealous of the high food prices we have here in the West…
not the food prices!!! how will the economy possibly cope with more affordable food???
What’s next? Affordable housing?
most Chinese families invest everything plus everything they can borrow, into a home. if property values fall, that will be perceived as a giant loss and could be a widespread freakout. so they try to keep home values growing like forevers. a bubble that is kept growing forever?
communism no food. communism too much food
something something Parenti quote
The average Chinese factory worker performing “unskilled” labour will have more purchasing power than western doctors, with much shorter work weeks and fantastic working conditions while the average westerner will be working 3 jobs to afford rent in their slumlord apartment and the economist will still be talking about how it is finally “over” for China because of how well they treat their workers.
I pray everyday that Chinese people will one day know the true freedom of inflation and higher inflation.
Why would I buy lunch today when I can just buy lunch tomorrow for a little cheaper.
Next western media headline: “China’s nefarious plan to trick people into indefinitely postponing buying lunch until they starve to death.”
I already do that under capitalism
