Once again, the Western media Establishment, and sadly some on the left, are talking up an impending economic disaster in China, when the truth is quite the opposite, argues JOHN ROSS.
If housing is made more affordable, the capital-brained can only interpret it as a housing bubble popping, and they can only interpret that as a bad thing—despite affordable housing being a good thing—because they can only think in terms of returns on capital investments.
Articles on impending doom for China’s economy have been a constant drip for nearly a century, but right now it’s a fire hose of what I can safely assume to be bullshit & copium.
If housing is made more affordable, the capital-brained can only interpret it as a housing bubble popping, and they can only interpret that as a bad thing—despite affordable housing being a good thing—because they can only think in terms of returns on capital investments. Articles on impending doom for China’s economy have been a constant drip for nearly a century, but right now it’s a fire hose of what I can safely assume to be bullshit & copium.