I wrote this article at lightning speed after researching into the topic heavily, but you're right that I failed to use resources. Here's one (though obviously there are thousands more).
Bailouts are negative if the public ends up paying for them.....2008 hello? we're still paying off those bankers in Europe and millons of people lost their homes.
In this case, many Chinese have mortgaged themsleves up to the eyeballs for homes that aren't even built yet. The CCP have also lost all control over the shadow banking sector, while they struggle to pour funds into banks that have defrauded their customers.
Most "conventional" economists lie to the public because they are paid to. They purposely mislead people with complicated jargon that they hope no one will understand.
Neoliberal capitalism makes no sense whatsoever and only has legitmacy due to the Harvard and Chicago schools backing it up with phony numbers and market worshipping bull-crap.
Thank you for your comment, but I believe you have lost sight of the road somewhere along the line.
