Comment on Public transit in Chengdu, China versus Toronto, Canada
zbyte64@awful.systems 1 month agoOverproduction 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.
anachrohack@lemmy.world 1 month ago
zbyte64@awful.systems 1 month ago
Did you know that most of China’s debt is held domestically?
squaresinger@lemmy.world 1 month ago
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?
anachrohack@lemmy.world 5 weeks ago
squaresinger@lemmy.world 5 weeks ago
I also didn’t only post numbers for the US.