Course there's the downside of China too. Consider the Ghost cities, built in anticipation of an influx of people that never came: Yujiapu, Yujiapu, and Meixi Lake.
this post was submitted on 04 Aug 2024
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That's an article all right! But it's from 5 years before the article I posted, and it's just detailing what China THOUGHT was going to happen.
Here it is 9 years later and it turned out they were wrong.
It's okay for countries to make mistakes. We err on the side of not wasting money. They err on the side of preparation. They have more money to waste than we do so good for them.
What happened is that vast majority of these ghost cities have been filling up, and as a result of massive investment into housing 90% of the population in China owns their homes now. Meanwhile, US wastes billions on its constant invasions of other countries. Iraq alone cost over 3 trillion. Your regime errs on side of wasting absurd amounts of money on crimes against humanity while ignoring the needs of the people living in burgerland.
China managed to overbuild high speed rail, they got so good at it. Their whole system is built to incentive huge infrastructure projects. Which has been good, but now they're getting way into the diminishing returns.
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Very good point and one that people often forget. It's literally impossible to build high speed rail without first becoming an authoritarian dictatorship.
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