Lepus Felix
China Observer
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Comments by "Lepus Felix" (@MasticinaAkicta) on "Housing Prices Halved, With Successive Foreclosures; China’s Economy May Take 10 Years to Recover" video.
A lot of it has to do with how society works there, and worked, till a point they were just worker drones with no real ownership of things. The state would assign them a place to sleep, work, life...etc
Then they opened it up, a little, actual ownership became possible. So yes actually owning an apartment, a house, became officially possible. Like giving a 5 year old a 100 dollar bill... they were not ready for it.
Huge social changes and shifts in society, things from from the state to the "state" [banks and big businesses are still semi state like and protected by the state, not just directly owned]
For a while all seemed well, growth, potential, the ability to make something of their own life and not being just a worker drone. There was even potential to get rich.
Of course we all know how it went and is going. The minds don't change and corruption is heavy, getting anything done is still with the old mindset. But it has to look modern.
There was some hope for Chinese people that the world was changing for them. Look at it now, the party will clamp down even harder now. Maybe even undoing some of the huge economic steps they took.
Some say that one solution is to fall back in USSR/MAO mode. But we all know what that means, border shut, trade falters, efficiencies won in the newer system are lost.
For a while, the Chinese people had hope, growth, sure they had the party over them, but there was light. Now, now the problems are coming everybody's way, except the party to not be a shield for the people, but a shield for its few. As it always has been.
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