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Seeing Like a State: How Tops-Down Management Styles Create Disaster in Complex Systems | William Hurst

Work For Humans

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Real Estate Development

In 2006, 35% of American household wealth was in real estate. In China, it was almost twice as high by 2010. The reason they're doing that is because there's no other place to put your money. If you have some money in China, what do you do with it? People controls mean you can't really move it out of the country,. And more desperate measures like buying Bitcoin, a lot of people will do that.

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