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Mfs seem to have forgotten that Chinese GDP PPP is already higher than the US

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[-] AstroStelar@hexbear.net 28 points 3 weeks ago* (last edited 3 weeks ago)

China built an extensive high-speed rail network. But it consistently loses money.

Literally a week ago (China State Railway Group includes high-speed rail as well):

Source: https://www.scmp.com/economy/china-economy/article/3276871/chinas-railway-operator-brings-gravy-train-posting-profits-and-lowering-debt-ratios

Also, companies like Amazon and Uber made huge losses for YEARS, so they could increase market share and eventually use their size to incur massive profits later.

[-] Sodium_nitride@lemmygrad.ml 15 points 3 weeks ago* (last edited 3 weeks ago)

I wouldn't compare china's railways to amazon or uber. They don't need to make a profit in the first place. Dumbass neoliberals, despite proclaiming themselves as the clerics of capitalism don't even seem to understand that the only bad kind of debt for a government is foreign debt. And china has a massive trade surplus. They don't need to give a shit that the railways are making a loss.

[-] EmoThugInMyPhase@hexbear.net 6 points 2 weeks ago* (last edited 2 weeks ago)

I’m so incredibly confused by this argument lol. Do these people think the US is making any profits from roads? Oh right, the automakers and gas companies’ profits are what matters.

this post was submitted on 14 Sep 2024
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