A great example of the problems with central planning/full blown industrial policy: 15 skyscrapers in China that were part of the Liyang Star City Phase II Project were just demolished after sitting unfinished for eight years due to no market demand. pic.twitter.com/qzjxLnHQ2k
— Jon Hartley (@Jon_Hartley_) September 14, 2021
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Why demolish them? Do they go bad? Or just another make work scheme to keep the pawns employed/busy?
It is probably because the interior concrete elements were never designed to be exposed to weather. Seeing as concrete absorbs water the rebar is likely rusting from the inside out.
Even if they buttoned everything up the damage is already done and twenty or thirty years from now the concrete will be spalling off the walls in big chunks.
Just a my two cents, it might be right and then again it might be not.
I thought maybe it was hunter biden doing a re-make of The Monolith Monsters for netflix.
Big Mike thought it was a good idea.
Shitty demo job – these buildings didn’t neatly go down into their own footprint, like a quality controlled demolition should.
They should’ve hired the demolition team that took down the Twin Towers and Building 7: Hexagram Demolition, Inc.
Call 1-800-Hexagram
I thought that too, but given the amount of open space between the buildings, they were probably looking for shorter, safer piles to clean up.
Meh.
China has gone from 18% urbanized to over 60% urbanized in something like 30 years. That’s around 550 million people moving into cities.
If we say 10K people per building, that’s 55000 multi-story buildings that had to be put up to house them. Spread evenly over 30 years, that’s still over 1800 new urban residence buildings put up every year for almost a generation.
So they screwed up with 15? BFD.
Good point. They may simply be a culture for which communism fits. Eventually affluenza may afflict them.
Good points. Still ….. don’t you find it weird that a country with 1.3 BILLION people couldn’t fill 15 lousy skyscrapers for EIGHT years??
I think there’s something else going on. I just don’t know what it is.
I don’t find it weird at all.
China isn’t a completely totalitarian society as is portrayed in MSM. The regional governments in China – provincial (= state) down to individual cities – have enormous power to issue debt which is how all these buildings got approved, paid for and built so fast.
The fact that one or more of these authorities got it wrong is just life.
I am equally certain that there are many cities where said authorities underestimated demand and had to catch up.
This is the country so many want me to be scared of. Central planning has a shelf life as the Ruskies found out, we are finding out and China will find out.
The FED is planning to taper the QE this fall into a economy that is suffering thru what they continue to hope is transitory inflation.. if the big brains get it wrong it’s gonna leave a mark.
But what do I know I’m….
They’re limiting video gaming to 3 hours per week and telling their entertainment and media companies to shit-can portrayals of effeminate men. Those are not small things. Their path to wealth has clearly diverged from Russia’s. I’m not sure why, but my guesses would be less alcoholism in China, less national self-pity and self-identity as tragic victims, more ethnic pride.
Hello CCRider. I think there are several very good reason to fear China.
For several thousand years China was the most self contained advanced civilization on Earth. They were happy being China and happy being secluded. Most western trading nations wanted Chinese goods. The Chinese did not desire the crude, to their sensibilities, trading goods the people of outer kingdoms could offer in trade. It was pay gold or go home empty handed.
For a short period (before Columbus) the Chinese designed and constructed the largest seagoing vessels the world had ever seen, not to be exceeded in tonnage and size until Brunel’s Great Eastern in the 1850s. They went exploring the South china Sea.
A new emperor ascended to the throne who said ‘enough of that.’ The ships were destroyed.
It’s well known that the Chinese, satisfied and sure in their superiority, made no effort to improve on what they saw as their excellence while the Europeans haltingly developed science which brought great improvement in armaments.
The principle European colonizing nations, Spain, Portugal, Holland and England showed up on the Chinese coast with vastly superior weapons. They forced trading concessions and areas of foreign rule in China.
But the martial superiority of the West did not solve the matter of not having any trade goods for which the Chinese were willing to trade their silk and Jade and pottery (China ware) for. It was still gold or nothing.
One of the Europeans brought in opium, a substance not unknown to the Chinese, but presenting no big problems to the self controlled Chinese. The Europeans forced opium on the Chinese masses, often at gunpoint. The opium dens were born. The Boxer rebellion a century or more later, was the eventual response.
Today’s Chinese remember the centuries of humiliation, subjugation and forced addiction.
They are a people without a concept of afterlife with rewards or punishments, only a concept of correct behavior in this life. They fall in line with the dictates of their rulers to achieve the ruler’s goals.
They are already technically competent and will be more and more technically innovative.
As a society, they remember their ancestors by name and reputation.
They are formidable, serious, and have a great score to settle. They are in an ascendancy and purposefully energized. Their military is not a ‘safe place’ for transexuals or sullen, incompetent ‘minorities.’
They are an indeed fearsome and motivated rival to our descending globohomo banking empire.
I thought this was interesting…
China Declares George Soros a ‘Global Economical Terrorist’
The article also described Soros as “the most evil person in the world” and “the son of Satan.”
https://newspunch.com/china-declares-george-soros-a-global-economical-terrorist/
Stupid Chinese, wasting money like that. They should learn from us . . . wasting trillions dropping bombs on brown people and giving welfare to black people.
China is learning from its great teacher – the USA. Instead of buildings, though, we make military equipment and I’ve always said it would be more efficient to just destroy it as it comes off of the assembly line instead of finding fake enemies.
China, as we can see, has learned this lesson and can just destroy its projects after they are completed. I hear they have some dams that are ready for that treatment.
That is the context the rest of the posters here need to think about.
They need advice from Biden on how to “Build Back Better”.
Whenever I see stuff like this about China (or a lot of the rest of the world) I wonder if the truth is being reported. Did it really happen the way it was described? Seems nuts, but then (these days) what doesn’t?
Please watch the first 10 seconds of that video over and over until you understand.
Understand what?
Notice WHERE the explosions take place!! Did the controlled demolition start at or near the top of the building? Noooooo. Did they start at the bottom? Yesssssss. Why? Because that’s how it is done. Every. Damned. Time. (Gravity brings down the buildings … the detonation at the base only gets things started.)
(Except, according to many easily deceived by Loose Change, when it comes to the Twin Towers. Noooooo sir! In that bizarro case, the only one in the history of the world, gravity was not needed. Fuck gravity! We don’t need no stinken gravity! We got thermite!! Hardy har har.)
3 people can vote down.
But, those 3 people can not refute the facts laid before them.
I win!!
The End
No, no, no, it should be “HE doesn’t come.” But maybe it is too much of a double meaning. Unless HE was an architect.
Another example of the failures of central planning. It’s why the Chinese will never be leaders imho. The government picks a winner and that is what is produced. They have zero incentive to innovate but they can take someone else’s innovation and manufacture the hell out of it.
In an actual free market those buildings wouldn’t have gone up until they were needed. Instead the capital would have been used for something else where there was an actual need. Broken Window falacy on a billion person scale. Fortunately we need their cheap trinkets so it keeps their economy afloat.
Short vid that makes you go hmmm…
1/3rd of China could suddenly be river front property hmmm…