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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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Eh, I don't really have a strong opinion on tariffing. Tbh I don't really have strong opinions about subsidizing private equity, other than they really shouldn't really exist.
Under "free market" capitalism subsidies nor tariffs should exist by definition. And under socialism or communism, I would much prefer that the state employ the workers to do the work of the state. Subsidizing private equity just moves the people's money into the pockets of middle men.
I think the current global regression back to an odd stage of mercantilism is the product of the moneyed class in China and the west attempting to goad political leaders into abandoning their economic principles for greater profit margins.
Right, but the developers are way over leveraged meaning that it's not really their money but the banks. The banks/government is making the best out of a bad situation, but they are still loosing substantial amounts of capital. One of the reasons this kicked off in the first place was the government trying to get a handle on private equity borrowing more than their company is worth. That's not really not criticism on the government action, it's best to pull that bandaid off as soon as possible, but it still hurts. I think it's mainly the fault of local banks who have probably been either careless or fraudulent in their reporting to the central bank.
Again, this just isn't something I really care about much. GDP and how it's calculated is mostly legal fiction, utilized primarily for international bragging rights and as a way to lull investments from foreign capital.
It sounds like China utilizes user cost approach, and the west utilizes the comparison approach. China's approach makes sense for a more centralized lending apparatus, as it can help prevent the boom and bust cycle so common in western real estate market. But it's still susceptible to market collapse if you miscalculated building cost or depreciation values, and makes it harder to sustain value in real estate investments unless you are constantly building more and more.
I think in the end it just creates two different types of problems. In the west the comparison approach provides less motivation for developers to build an adequate amount of housing. In China, it creates too much incentive for developers to overdevelop housing to the point where it devalues the very concept of individual investments in housing.
I think a better solution would be to consider affordable housing development to be a natural monopoly that is provided by the government without the input of private capital. But that would be a blow to GDP for both systems, and I think we both know how the capital class of both China and the west would respond to that.