Tested bankruptcy cycling, it doesn't work.

Tested it as china, allied to gbr and with a bunch of obligations so nobody attacked me while I went bankrupt over and over.

The issue is radicals quickly mean you can't build anything without -50% state construction efficiency. And when you go bankrupt all in progress construction is cancelled.

Assuming you go bankrupt like every 2 months, you can't build anything over 100 cost at low tech. Even with great tech it doesn't get much better.

You can lower your expenses to go bankrupt less often, but at that point it's really not worth imo.