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With over 600k homeless Americans, couch surfing and sleeping outside tonight, this is important to understand (lemmy.ml)

submitted 1 week ago by yogthos@lemmy.ml to c/socialism@lemmy.ml

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[–] Name@feddit.nu -4 points 6 days ago (7 children)

Didn't China just had a huge crisis in the property market?

[–] yogthos@lemmy.ml 17 points 6 days ago (2 children)

Not really, the government wound down the real estate market intentionally to refocus the economy on tech and industry.

[–] Name@feddit.nu 1 points 2 days ago (1 children)

Ah okey, so they acted on a non-issue than?

[–] yogthos@lemmy.ml 2 points 2 days ago

They acted to prevent an issue from developing. This is the whole purpose of having a government. It pays attention to what's happening in the country overall, and guides the economy towards positive outcomes.

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