posted on Jul, 6 2013 @ 10:12 PM
Originally posted by marhaba
The primary reason for all the other ghost cities is actually greed.
This is what it comes down to really.
Deep in debt
“The rich people are getting richer, the poor are worse off and the difference between us is growing,” said Pingchuan Mayor Yang.
But so far, in many places, the plan has only put farmers in debt to banks for the first time in their lives.
The Billionaire Chinese Investors would stand to loose a lot if they lowered the prices enough for the average Chinese to afford it.
They could increase the wages of the average Chinese in those slave labor factories so that they could afford it, but then the factory owners would
loose out, and the millions of companies in America that require that cheap labor would loose out as well.
Wall Street would loose out as well since that would be less money going to them.
Fortunately, the bubble can only go on so long until it bursts in China and it will have reciprocal effects here as well.
edit on 6-7-2013 by
jacobe001 because: (no reason given)
edit on 6-7-2013 by jacobe001 because: (no reason given)