Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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#277: At the limits of monetary possibility (surplusenergyeconomics.wordpress.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 4 months ago

I was sure it was going to be evergrande and Chinese property?

It might have collapsed another economy, but I think China is relatively well-equipped for dealing with financial crises given the higher degree of state-planning and the lack of needing to be corporate capital havens. I think they were extremely wise to prioritize deleveraging individual investors like people buying homes for themselves (and wise to maintain a state that can facilitate such decision-making). In the end they got a surplus of housing and blew up some rent-seekers - pretty impressive imo!