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Today, super-rich from China and Russia are investing BILLIONS of dollars and buying real-estate en masse in the UK (London, super-expensive property in the capital) and the US.
Knowing this, the idea that we still assume China and Russia are "communist" is hilarious,
Originally posted by NoRulesAllowed
We tend to believe that the US and is western allies are the "capitalist" nations and we're proud of our system.
Here some facts. (I say FACTS since I currently write about that subject and do a lot of research in due course of my work).
The super-rich of today, the "picture-book capitalists" are NOT sitting in the US. Today, the "ultra capitalists" which make any US capitalist/corporate look like a big joke are sitting in China and Russia.
If China is supposed a "communist" system, how is it possible that ultra-rich billionaires are in China who have so much money that they need to off-load their money, eg. investing into the bankrupt SO CALLED capitalist countries like the US or UK.
Today, super-rich from China and Russia are investing BILLIONS of dollars and buying real-estate en masse in the UK (London, super-expensive property in the capital) and the US.
Super-rich investors from China and Russia are buying property in Detroit and other US cities because those cities are bankrupt and property is sold of at bargain prices. They buy because they have the money AND they speculate that at some time in the future our economy might get better, eg as an investment.
Real estate companies in the UK and the US are reporting that the rich from China/Russia are the largest group of buying up property at the moment, before all others.
Knowing this, the idea that we still assume China and Russia are "communist"
unless someone can explain to me how in an alleged communist society it's possible that billionaires EVEN EXIST. (Isn't the idea alone an oxymoron?)
For what its worth, China/Russia today is more 'capitalist' than the US.