Mike Davis, author of City of Quartz and Ecology of Fear, among many others, and a creative writing professor at the University of California, Riverside, talks about the interaction of financial crises throughout the world, and the tenuous Chinese real estate market.
mp3 available for download at www.archive.org
2 comments:
Seems dead accurate re Chinese off balance sheet loans.
Yes - the city administrators do steal land from the peasants (with the aid of the police) and sell it for development.
How can they stop it? They'll keep doing this for as long as they can.
Les L.
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