Comments by "barkmaker" (@barkmaker) on "China’s High-Speed Rail in Crisis, Leaves "Zombie Stations", and Debt Surges to 9 Trillion Dollar" video.

  1. China did what a lot of people new to money do. They spend more than they have coming in and as if the amount that is coming in will always come in. Eventually if there's a hiccup in the revenue flow, things take a turn for the worse.
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  2.  @Shinobubu , indeed. Increasing variable costs is one of the quickest ways to poverty.
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  3. We should just change socialism to government because none of them allocate resources efficiently in the long run. That's why every nation state and empire eventually fails.
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  4.  @sonialelii9038 , yes it is looking devastatingly bad for China. ...and as goes the world's second largest economy, so goes the rest of the world. ...to what extent we will find out but hopefully we're prepared for the worst. If history does repeat itself, we're in for another world war soon.
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