TheLastHero

are they fucking nuts?

interesting article especially now that we are seeing some of the effects of this over-financialization. The over-investment in real estate does look to be a major problem for the Chinese economy. Local governments often rely on land sales (well land grants technically) so I see how that could create a perverse incentive to let RE prices keep inflating. Since this was written we've seen some of the pain this has caused, though the central government does seem to recognize this and is walking a careful line of trying to rebalance the economy and reduce that moral hazard by letting those real estate developers take heavy losses or go bankrupt without letting them collapse the market entirely.

Sure that's gonna hurt gdp growth and a lot of middle class people with mortgages but that's not everything in an long term healthy economy, and it's better for the government to correct this on their terms rather with a market panic. They'll be able to cushion the worst effects on the population with social spending and further regulation. In the past decades the Chinese bureaucracy did have a sort of obsession with obtaining the highest gdp growth possible (highest GDP growth in your Prefecture/Province/ect would tend to make you the first pick for promotion), so it's good they are shifting away from this in the 2020s. To make up for these losses they seem to be promoting high-end industrial development and education/innovation, absolutely the correct move in my opinion, especially with the west trying to put spikes in their tire in that sector. If anyone is going to be able to pull it off it will be the PRC.

I'm gonna quote Li Qiang, Premier of the State Council, in his 2024 REPORT ON THE WORK OF THE GOVERNMENT from last month, bolding the notable bits so we can see what the government's response to this problem specifically has been:

In light of grave challenges and the particular conditions of the post-Covid economic recovery, we took coordinated steps to ensure stable growth and sustain its momentum, and gave priority to consolidating the foundations of the economy and taking targeted steps. We ensured the proper timing, intensity, and effect in conducting macro regulation, and strengthened counter-cyclical adjustments. We refrained from resorting to a deluge of stimulus policies or strong short-term stimulus measures (Hexbear edit: this was the American response to their own real estate trouble), and made greater efforts to promote high-quality development. Over the course of the year, China’s economy experienced a slow start, but reached a midyear peak and achieved stable growth in the latter stage. (Pg.5)

To build China’s strength in strategic science and technology, we stepped up efforts to implement major science and technology programs. We adopted an overarching plan to advance new industrialization. We took measures to ensure the stable performance of the industrial sector and support advanced manufacturing, and increased the additional tax deductions for R&D expenses of enterprises in key industries. This helped promote high-quality development of key industrial chains. As a result, industrial enterprise profits stopped declining and began growing. (Pg 5)

We improved city-specific policies on real estate regulation, worked to lower housing mortgage costs, and ensured the delivery of housing projects. We formulated and implemented a package of steps to address local government debt, dealt with financial risks by type, and ensured that no systemic risks arose. (Pg 6)

We will continue to ensure greater security through high-quality development and promote high-quality development with a greater degree of security. We will defuse risks in real estate, local government debt, and small and medium financial institutions by addressing both symptoms and root causes. By doing so, we will safeguard overall economic and financial stability. (Pg 25)

We will improve the long-term mechanisms for preventing and controlling risks. We will, in response to the trend of new urbanization and supply and demand changes in the housing market, move faster to foster a new development model for real estate. We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing. (Pg 26)

We must pursue high-quality development as our top priority in the new era, make improving the people’s wellbeing the most important political achievement, and endeavor to build a law-based, innovation-driven, and service-oriented government of integrity that meets the people’s expectations and fully performs its duties. (Pg 35)

wrong. a cast vote for candidate 3 is not a lost vote for candidate B. Furthermore variable b decreasing doesn't increase the total of variable t so no you can't "rewrite" it like that with magic math. This is how it works, it's actually very simple:

candidate T gets t votes

candidate B gets b votes

candidate X gets x votes

hey, let's not forget the gonads on Aaron Bushnell

Thanks, I tried to effortpost a response for them. People like them who just call for a "simple" two state solution rarely understand what that entails. They would see a fully sovereign Palestine as terrifying.

"Give us your bombers sir, and you can have our baskets"

I wrote longer response but then I lost it, so I'm just going to quickly simplify it.

The two state solution is what we have now, and it means Palestine is forced to live in a permanently degraded state of sovereignty. Sovereignty is the key cornerstone of international relations, as is deterrence (live and let live, as you call it). This is not a holy war, this is a colonial war over the autonomy and self-determination of a people, the Palestinian people.

Thus, if you truly believe in equal rights for the Palestinians in a two state solution, you need to ask yourself this:

Would you allow the Palestinians to form their own army? Import weapons from Iran? Build their own air force with bombers? Many of their officers would undoubtedly be Hamas veterans, you wouldn't get to exclude them from serving their new country either, could you accept that?

You say you don't want forced resettlement, a laudable ideal to be sure, but you can't have no forced resettlements and a hard border because of the Zionist settlements. Go look at a map, there is no border line to be drawn between them, they are scattered around the whole of Palestinian territory. Those settlements are their for the express purpose of denying the Palestinians their freedom of movement and critical resources and infrastructure, so they would have to go.

Would you let the Palestinian army evict those settlers if they refused? Would you let them defend their new borders, with lethal force if necessary? And how about the people who have already been forcibly resettled, the Palestinian refugees? They're still alive, waiting to come back, what about their homes? Even if somehow a general peace treaty was signed to settle all these messy issues at once, would you really expect either side to just take eachother's word for it? Would the Zionists turn over their illegal nuclear weapons? And allow Palestinians to inspect sensitive facilities to ensure their destruction?

You don't have to like these things, but you would have to accept them, because they are the rights afforded to every sovereign nation.

I can tell you now the Zionists would never accept these conditions, it would be incredible blow to their colonial project. Maybe under extreme international pressure and isolation, but then you have the lingering tension between the two states that lasts for who knows how long. A two state solution is basically impossible, the Zionists made it impossible over decades. So in my opinion alright then, you made this bed, you fucking lay in it now: a single state is the only way forward now. A single state from the river to the sea, so that all of the people victimized by this colonial project may move towards a brighter, more peaceful future. I will never apologize for saying that, despite the recriminations of the zionists and the propaganda of their collaborators. There would in fact be less chance of war and genocide than with two states. However, you couldn't call it a Jewish (ethno)state anymore. But the Jews living there would still get to stay there, what's more important?

Honestly, the Zionists wouldn't accept that either, but they need to humble themselves and accept something, because they are marching the entire region toward a massive conflagration that will engulf and destroy them eventually.

The zionist entity really loves that argument that "they are held to an unfair standard" and all that, and I will admit there is a small nugget of truth to that. They're jealous of the European powers who got to slaughter and plunder the rest of the world centuries ago but they don't even get to do it to the "savage natives" in their much smaller slice of conquered land.

Only problem is that since then an international framework of law and human rights was developed and agreed to by nearly the entire world condemning atrocities like that. (Ironically this was spurred on by the Nazi genocides and warmongering) Obviously it's still not very well enforced, but it's at least agreed that aggressive conquest and genocide is 'not good.'

Yet the zionist entity still wants to apply 18th century attitudes to the 21st century then also act outraged that people hate them for it. Yeah, more powerful states than you got away with it back then, but the unfairness isn't that YOU can't slaughter anymore, the real injustice was what happened to the VICTIMS of those massacres. And they have the gall to talk like this while they perpetuate more massacres and create hundreds of thousands of more victims. Not to mention they literally are getting away with it anyway, the imperial hegemon is delivering them weapons right now, and no one is stopping them except the glorious axis of resistance.

may Palestine be liberated from the river to the sea

straight to the c*m milking factories, they tried to warn us but the world didn't listen

If you are so concerned about the availability of organs, how about instead of exploiting the desperation and suffering of still living people to rip their kidneys out, we institute universal deceased organ donation first?

Notable silence from the defenders of the "international rules based order"

yeah, feeding Palestinians? they're basically committing terrorism. Send more bombs genocide joe

"In response to the zombie apocalypse, the CDC has recommended practicing social distancing to prevent infection."