| ▲ | otterley 3 hours ago | |
> I don't see how that means that they as a country moved away from the goal, it just means there's issues They're further from Communism than they've ever been since the PRC was founded. The gap between rich and poor is growing there, not shrinking. > A google search for real estate prices in china reveal a lot of news articles how they are going down though. They're investing outside China (Vancouver, Toronto, NYC, London, Sydney, Melbourne, etc.) because their assets are safer there (these countries all have strong property protection laws). Like Bitcoin, freedom of capital flows may be restricted, but the wealthy seem to be evading these restrictions with impunity. | ||
| ▲ | pheggs 2 hours ago | parent [-] | |
> They're further from Communism than they've ever been since the PRC was founded. The gap between rich and poor is growing there, not shrinking. I suppose it depends on what time frame you look at, it's shrinking since 2010, but inequality rose more than that in the 80s: https://www.theglobaleconomy.com/China/gini_inequality_index... However, that's not my point - I did not mean to say that they are going to be successful but rather that it still appears to be a long term goal for them. > Like Bitcoin, freedom of capital flows may be restricted, but the wealthy seem to be evading these restrictions with impunity. I don't know about that, without any source of data I guess I just have to take your word for it. I would not be surprised if you were right in this case though. | ||