IssueRaiser

> hopefully slow down the trend of the elites making massive amounts of money with financial transactions instead of BUILDING THINGS and ...

> hopefully slow down the trend of the elites making massive amounts of money with financial transactions instead of BUILDING THINGS and other productive activities The Chinese already do this, but many of the projects are white elephants, or infrastructure that isn't useful (as opposed to useful infrastructure, which it still needs in many areas). How many steel plants do you need? What China really needs is to get consumers consuming. People have to save lots of money to buy an overpriced house or to prepare for health emergencies, they can't afford to buy many things beyond that.

Posted by seanmcdirmid on Jul 6, 2015, 12:52 AM

Tags

Related issues

Raise real-world problems, find people facing the same issue, and discuss solutions.5,500 issues0 comments

reliability (Healthcare)

> hopefully slow down the trend of the elites making massive amounts of money with financial transactions instead of BUILDING THINGS and ...

seanmcdirmidJul 6, 2015, 12:52 AM

> hopefully slow down the trend of the elites making massive amounts of money with financial transactions instead of BUILDING THINGS and other productive activities The Chinese already do this, but many of the projects are white elephants, or infrastructure that isn't useful (as opposed to useful infrastructure, which it still needs in many areas). How many steel plants do you need? What China really needs is to get consumers consuming. People have to save lots of money to buy an overpriced house or to prepare for health emergencies, they can't afford to buy many things beyond that.

Comments (0)

No comments yet. Start the discussion.

Comment on this issue