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b'To quote the headline for Ed\\u2019s article, \\u201cOk, what the fuck is Evergrande and is it going to blow up the global economy?\\u201d First question: Evergrande is the second largest real estate developer in China. Its business model is premised on infinite growth, it\\u2019s massively indebted to everybody, and it is finally collapsing. Second question: Maybe! We lay out the dynamics leading up to, and unfolding now during, Evergrande\\u2019s collapse and discuss the potential consequences of yet another \\u201ctoo big to fail\\u201d financial institution doing what they do best: failing.\\n\\nSome stuff we reference:\\n\\u2022 OK, WTF Is Evergrande and Is It Going to Blow Up the Global Economy? | https://www.vice.com/en/article/wx5mqm/ok-wtf-is-evergrande-and-is-it-going-to-blow-up-the-global-economy \\n\\u2022 Citron Research / Andrew Left 2012 short seller report on Evergrande | https://www.slideshare.net/dingli8888/citron-research \\n\\u2022 Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus | https://www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.html \\n\\u2022 Evergrande used retail financial investments to plug funding gaps | https://www.ft.com/content/0b03d4de-1662-4d30-bcfd-c9bae24fa9cc \\n\\u2022 China\\u2019s Nightmare Evergrande Scenario Is an Uncontrolled Crash | https://www.bloomberg.com/news/articles/2021-09-16/china-s-nightmare-evergrande-scenario-is-an-uncontrolled-crash \\n\\u2022 The Asset Economy: Property Ownership and the New Logic of Inequality | Lisa Adkins, Melinda Cooper, Martijn Konings https://au1lib.org/book/14728397/9acae0 \\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \\n\\nGrab your TMK gear: bonfire.com/store/this-machine-kills-podcast/ \\n\\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)'