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   GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Thursday, 10-Oct-2024 09:58:38 JST GhostOnTheHalfShell

   in reply to

   @economics-that-works

   China’s economists are dedicated to the same stupid misunderstandings about land use as wet rest of the global economy. They bought into the same civilization backwardness as west emulated and integrated into.

   Investment in gigantic water management projects, urbanization and mechanize farming is the wrong policy for long-term survival. Because Western land use practices guarantee catastrophic extreme, catastrophic regional climate change.

   🧵

   • Embed this notice
     GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Thursday, 10-Oct-2024 09:58:39 JST GhostOnTheHalfShell

     @economics-that-works

     What the heck trying to seems to have learned nothing from GC their economy is faltering and one of the major problems has been a crash in the property market, which should sound a little familiar to those of us who are old enough to remember 2008.

     Injecting money into a banking sector that’s not going to lend because they don’t think anybody can pay back the loans it’s not going to help
     🧵
     (Pay wall because FT)
     https://www.ft.com/content/7c106fa8-f450-41a8-91c9-97f055d95b58

     #china #economics

     HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.