this post was submitted on 12 Mar 2024

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China's housing minister says real estate developers must go bankrupt if necessary (www.cnbc.com)

submitted 6 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml

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[–] Nobilmantis@feddit.it 22 points 6 months ago

Meanwhile here in italy when a major company fails and goes bankrupt because of shitty management, corruption and greed, we first "save" it with public funds, then sell it to someone else to profit off of it