Locals priced out by $24b Chinese property splurge

[propertysearch]

would be an interesting list

apart from china

i imagine they aren't growing their economies much

more likely to be banana republics

like fiji?

This is the rhetoric which is used by the real estate industry and by economists who talk a meta language and have no idea whether their actions will destroy their country or not, not that they care.

"Economies" are built using labour to achieve something. "Banana republics" exist when the populations have nothing productive to do. Flogging off one's farming land is like selling your household furniture to maintain a lifestyle. This will get you in the end anyway and your lifestyle will come to an end anyway.

I don't get it that people talk this rubbish where the national interest and future generations are concerned. It just demonstrates that there are morons amongst us, some of them highly educated morons who are happy to sell out their descendents on a whim and an 'it seemed like a good idea at the time' attitude. Sad really.

[speights boy]

would be an interesting list

Many of those countries who do not have restrictions, at least have a CGT or Stamp Duty on foreigners.

We have none of these 3.

[eri]

Pardon the disruption

When firms succumb to new forms of competition, inflexible organisation is usually to blame

DESTROYING the old to make way for the new is the essence of market economies.

Karl Marx thought it one of the nastier qualities of capitalism whereas Joseph Schumpeter, an Austrian economist, cast “creative destruction” in more positive light,

as the only route to sustained growth.

http://www.economist.com/news/finance-and-economics/21615587-when-firms-succumb-new-forms-competition-inflexible-organisation-usually

[propertysearch]

You are so full of bullsh** eri. Sorry but where do you get it from?

"New forms of competition" describes what is better known as DISRUPTIVE TECHNOLOGIES. The internet and the mobile phone are perfect examples of this. The sale of farming land to foreign governments is not.

You offer no argument only slogans and responses which one might expect from somebody on dope or who is brain dead....and that might enclude both. How about you offer a discussion or log out.

[eri]

it comes

from the economist

surprised you missed that

actually

not surprised

[Davo36]

DESTROYING the old to make way for the new is the essence of market economies.

eri: This doesn't happen any more. e.g. banks in America. Too big to fail and they know it.

They fail, we bail them out.

Same with other big companies such as GM, AirNZ and so on.

So it's capitalism for the masses, socialism for the top few.

[eri]

when poor, ill-educated + unemployed people

live in state houses and receive cash handouts

which they use to buy so much junk food

that they will die of diabetes or obesity related causes

it's a long bow to draw

that the evils of socialism

exist

only at the top

[eri]

http://www.economist.com/news/leaders/21615583-territorys-citizens-must-not-give-up-demanding-full-democracyfor-their-sake-and?spc=scode&spv=xm&ah=9d7f7ab945510a56fa6d37c30b6f1709

chinese gov

still smoking

while sitting on barrels of gunpowder

... discontent is growing all over China, and Beijing cannot just sit on it.

The huge new middle class is becoming increasingly frustrated with its powerlessness over issues such as education, health care, the environment and property rights.

In terms of their day-to-day worries, mainlanders have a lot in common with Hong Kong’s citizens.

China’s government is going to have to work out a way of satisfying their aspirations for more control over their lives.

Hong Kong would have been a good place to start.

Xi Jinping, the party chief and president, had the opportunity to use Hong Kong as a test-bed for political change in China.

Had he taken this opportunity, he might have gone down in history as a true reformer. Instead, he has squandered it.

[Davo36]

I think that is right eri, Chinese citizens will demand property rights.

Who wants to work their whole life building up a little empire which the corrupt local official can come and grab? No one.