Hacker News new | ask | show | jobs
by ben_w 1022 days ago
> What's the worst that can happen?

The Great Depression, the Great Recession.

> Why should the government and the non-investors pay for government agencies that enforce regulations?

Apart from them being ostensibly a communist nation, it's good for business. Everyone's business.

This is also why Greece got a lot of help from Germany and the IMF about 10-15 years back.

> If investors cannot handle due diligence, let them pay private agencies to secure their investments.

How? The investment is a promise to build a home.

1 comments

>> What's the worst that can happen?

> The Great Depression, the Great Recession.

If China descends into chaos, it could be alot worse than the Great depression, since so much of the world depends on China, and since they have a crazy arsenal of weapons.

The Great Depression was almost certainly a contributing factor to WW2.
Yes, the nazis were a fringe political part polling below 3% before 1929. The Weimar republic was relatively stable and it seemed that the biggest economical issues were already behind..