> What amazes me is China's capacity to do development on a large scale, something that's completely missing in Europe.
In the US, especially with renewed appetite for "America First" and bringing back good paying jobs for American laborers, there should be a lot more building of infrastructure and housing units around our country... Why can China do this and we can't even when the government has won a mandate from people to empower domestic labor (for everyone who says China can only do this because of wealth inequality)?
Isn't good-paying domestic labor the main part of the problem? Hiring thousands of manual laborers at $5/hour is a lot more economical than at $15/hour plus $5/hr in benefits. And that applies to the steel workers and lumberjacks and fixture manufacturers who all have to be paid more too via material costs.
In the US, especially with renewed appetite for "America First" and bringing back good paying jobs for American laborers, there should be a lot more building of infrastructure and housing units around our country... Why can China do this and we can't even when the government has won a mandate from people to empower domestic labor (for everyone who says China can only do this because of wealth inequality)?