"One of them was that in a way, China’s low-consumption high-investment economy was a kind of Ponzi scheme. Chinese businesses were investing furiously, not to build capacity to serve consumers, who weren’t buying much, but to serve buyers of investment goods — in effect, investing to take advantage of future investment, adding even more capacity. Would there ever be final buyers for what all this capacity could produce? Unclear. So, a kind of Ponzi scheme."
Paul Krugman's blog
Not obviously building capacity for consumers, who seem to have little interest.
But investing to take advantage of future investment.
Now what does that remind me of?
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