quality_fun

nationalization isn’t a miracle solution.

this doesn’t mean that china has no economic issues at all. real estate, for example, must be properly managed without wiping out everyone’s investments.

[https://www.bloomberg.com/news/articles/2023-07-28/india-brazil-push-back-against-china-over-brics-expansion](China’s Push to Expand BRICS Membership Falters)

this article didn’t age well!

even works of fiction?

how come?

random tweets making baseless predictions are a waste of time.

Because the goal of the public industry is to provide the public with that good/service. It often sells at cost or even at a deficit since it does not need to profit.

reminds me of how many western commentators disparage china’s high speed rail system for running at a loss and supposedly wasting money. yes, of course it does. the trains are the point, not the pursuit of profit. the government pays for high speed rail because it’s a needed service, and the costs of operating hsr is worth it in the long run and will even pay for itself.

as if this absolves them of anything.

the flood casualties are likely still too high. i hope the cpc invests in more flood-resistsnt infrastructure after this because it’s only going to get worse.

if only their foreign ministry and twitter would make fewer gaffes.