• ☆ Yσɠƚԋσʂ ☆OP
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    1 year ago

    I don’t think preserving investments is going to be the priority there, rather the focus will likely be on preserving jobs. What I think is most likely to happen is that large chunks of the real estate industry become nationalized.

      • ☆ Yσɠƚԋσʂ ☆OP
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        1 year ago

        It’s a pretty good solution that worked many times in the past. Rich investors are going to lose some money on this, but that’s about it and frankly that’s not even a negative. Ultimately, the goal should be to remove all aspects of capitalism and move towards a true socialist economy that’s a mix of state and cooperative ownership. Doing these kinds of nationalization projects helps with the transition.

        • quality_fun
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          1 year ago

          i would agree, but 30% or so of the gdp is in real estate. china cannot just lose a third of its economy.