Comments by "Luis Aldamiz" (@LuisAldamiz) on "The Ferocious Rise and Quiet Struggle of China’s Country Garden" video.

  1. The irony is that US capital ends up largely into the housing bubble anyhow, feeding unregulated vulture funds, whose activities are mostly not really productive but parasitic.
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  2. The RS speculation has brought China to the same place the West (especially USA, Britain and Spain) were in 2008 (and still are after not allowing the bubble to burst): low natality as the cost of life has skyrocketed and a growing amount of working class people can barely pay for survival. I was yesterday arguing with a pro-Chinese "communist" in another channel about how, since Deng, as this video succintly explains, China has become a fully fledged capitalist country and he/she claimed that China still has "political socialism", which I rejected because on Marxist grounds there's no such thing: it's all about the property structure, either it is collectivist (communist or hardcore socialist) or it is private (capitalist) and thus China is also politically capitalist even if it keeps a decreasing amount of political-cultural residuals from the Mao epoch. Anyway, I disagree with the conclusion: with the last peak of Chinese demographics being already well in their 30s and with a extremely narrow 20s segment (caused by capitalist speculation), the housing bubble in China is also doomed, as much as in the West. The timeline may be slightly different but nowadays housing is NOT "for living": it is largely a "value store" for the capitalists to put their money in and nothing else. This is and has been for way too long destructive of societies across the world and is eating itself (because speculative capital is very improductive) at lograrithmically accelerating pace. It's gonna blow.
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  3.  @chrimony - In my understand it means "cheap", not "fast" (there's not necessarily a correlation). You buy cheaper (and faulty, adulterated) concrete, which appears OK at the time of buying but causes endless problems and even catastrophes later on. I know from the fascist construction of cheap homes here in Bilbao, where "aluminosis" has caused endless problems in the poor neighborhood of Otxarkoaga.
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  4. It's not a question of "fast" as much as of "cost": cheaper low quality concrete (aluminium polluted and such) is used (illegally) for lowering the costs.
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  5.  @chrimony  - Fair enough.
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