The Kangbashi district began as a public-works project in Ordos, a wealthy coal-mining town in Inner Mongolia. The area is filled with office towers, administrative centers, government buildings, museums, theaters and sports fields—not to mention acre on acre of subdivisions overflowing with middle-class duplexes and bungalows. The only problem: the district was originally designed to house, support and entertain 1 million people, yet hardly anyone lives there.
[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
