How Tech Unicorns Are Just Like China’s “Ghost Cities”
Both are the result of unsustainable economic manipulation.
(From Zerohedge)
Of course, it’s still party time in China and in the startup world for now, so the warnings of skeptics like myself fall on deaf ears. But, inevitably, all of the post-Great Recession stimulus-driven booms are going to violently end, and the GDP growth, jobs, and stock price gains created by them will be reversed.
Reprinted from: https://www.ac2news.com/2019/05/how-tech-unicorns-are-just-like-chinas-ghost-cities/
