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this post was submitted on 16 Sep 2023
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the_dunk_tank
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I always found it funny that they crap on China for empty developments not yet populated because westoids are only familiar with the same crumbling congested infrastructure with absolutely nothing new ever built because that means the property prices can't be inflated exponentially.
Things tend to be empty when they're first developed or in the process of being completed. Not that a westoid would know because they haven't seen anything new in their lifetimes.
In general Western infrastructure lags demand because the economic case doesn't pass until demand ratchets up.
What's missed is that lots of infrastructure induce demand.