They prebuild 10 years of housing runway but still have another 10 years, aka 100m+ housing shortage for urbanization goals. They realize they got overzealous and was venturing in bubble and and intervened during boom vs after collapse. AKA preplanning and prematurely fixing something, which is the kind of intervention a freer economy can't do.

Family planning was also massive successful in preventing frankly 100s of millions of useless mouths from being born and concentrating resources to upskill 1-2 kids, hence their massive catchup within a few generations. Now they make more technical talent than OCED combined and will have the greatest high skill demographic dividend to milk for at least our life times, giving them 40+ years to sort out better family planning.

BTW US overspending 5-10% of GDP aka 2.5 Trillion per year on healthcare vs OECD baseline is basically more wasteful misallocation than anything PRC has ever done, including RE misallocation (3-5% waste). And at least they still have housing units left to use (being converted into affordable housing), instead of piles of paper work and personal debt. Accumulation of fuckups that are not resolvable in western style capitalism, it will be fatal medium term.

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kbelder 4 hours ago | parent [-]

Useless mouths? Christ.

	▲	maxglute 3 hours ago \| parent [-]
		Yes, some cohorts are more useful than others for nation building, that's just reality, especially if excess mouths are net drains relative to national resource available. Too much excess and not just useless but actively detrimental to development. It's not saying time to purge, but excess demographics can dilute development resources too thin, double bad if above domestic carry capacity, i.e. getting import dependant trapped. PRC averted 200-300m birth who would have spread family resources into developing country trap. The family planning exchange is non-existing 400m low skilled workers / subsistent farmers that is net drain on national power vs having 100m tertiary to uplift into developed country. All PRC rising in the last 20 years is because PRC family planning aborted a fuckload of 2nd/3rd/4th+ siblings so families can concentrate resources to get 1st kid into STEM. They speedrun the high skill human capita game, compressing 100s of years of human capita accumulation in 50. There's downsides, but they come after the up. What's better for development, a 1.8B country of 6 Nigeria's and 2 Japans or 1.4B country of 2 Nigerias and 6 Japans. The latter. And you would recognize the former, while all lives are special blah blah blah is absolute developing shitshow. Every Nigeria PRC avoids is 200m of less governance overhead, i.e. make work jobs. AKA see which way India trended. Look at new gen of PRC protein consumption and average height vs alternative, stunted growth from malnutrition that literally makes significant % of population too stupid to integrate into modern economy. That's what happens, you can literally fuck up your human capita stock so much by diffusing limited resources that 100s of million become too biologically stupid to do modern jobs i.e. even in PRC, 100s of millions from old times too stunted and innumerate to do even basic factory work. PRC didn't abort enough.