China’s Trojan Horse – Real Estate Bubble

While the Chinese capitalists are out-maneuvering western capitalists by investing in the infrastructures of other countries, they are also investing in finance capital – real estate – which could lead to their undoing. A high percentage of corporate debt is in home mortgage loans: the same problem the US capitalists faced in 2008.
Image from The Economist 

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.

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