Comment Re:Yawn (Score 1) 68
All that is to say central planning has historically proven to be less than efficent and continues to do so.
It is still a huge leap to suggest they are on the brink of economic collapse. For example man us cities have pretty acute housing shortage / affordability crisis, would you claim the US economy is on the brink of collapse based on that? or even those cities and regions?
As to EVs so they over produced them.. Does it matter, if the government subsides pay for it, and they don't create system problems by slowing or halting future production, which they don't have to because the government can just subsidize retolling those factories to do something else to consume the inputs, it does not have to domino or snowball the way capital destruction often does in market economies. - Sure it will be drag on the economy over all, because the inefficiency and waste will have to be made up for with taxes etc, but then our government manages to light a lot of money on fire doing stupid projects that nobody needs or cares about too, as well as fighting foreign wars.
China built a bunch of cars nobody will drive and apartment blocks few will occupy. Its not good economics but the idea it is ruinous seems farcical; at least on the surface without real numbers to back it up and the CCP will never make real numbers availible. I say all this as someone who thinks the best thing that could happen to the world would be the collapse of the CCP but hope and wishful thinking does not make it so.