Evergrande Bankruptcy: Marx Warning to China and Planet Earth

My dear comrades, The narrative presented here, though seemingly a tale of individual entrepreneurial success, reveals the inherent contradictions and injustices within the capitalist system. Hui Ka Yan’s strategy, hailed as visionary, is emblematic of the profit-driven machinations that underpin capitalism. It is a system where the accumulation of wealth is not driven by genuine human needs but by speculative land dealings and the exploitation of labor. While Hui’s ascent to the zenith of China’s wealth hierarchy appears remarkable, we must scrutinize the roots of this accumulation. His ability to borrow vast sums of capital to acquire land and subsequently sell homes at inflated prices, often before construction even commences, is not a testament to his ingenuity alone but a reflection of the speculative nature of the real estate market. Moreover, the staggering debt amassed by Evergrande, amounting to $328 billion, is emblematic of the unsustainable debt-fueled growth