Evergrande, the Chinese property company, is missing one payment deadline after another. If it collapses the consequences could be huge for China’s economy, its authoritarian regime and for global capitalism. ISA (International Socialist Alternative) talks to Vincent Kolo of chinaworker.info about what could happen.
This new bubble underscores the extremely parasitic nature of capitalism and the need for a socialist alternative.
Marcus Kollbrunner, Liberdade, Soc...
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