The largest real estate bubble (and maybe any other kind of bubble) in the history of the world. 60 Minutes examines the Chinese ghost cities.

Chinese ghost city

This is a great example of why the government should never manage the economy. The more government manages, the more it will mess things up. Over time this is nearly always true. It is absolutely true in China.

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The Air is a “Soup” of Pollution in Parts of China, State Capitalism Fail

china-pollution smog

I often hear that the USA is a horrible polluter. That we use all the energy, expand our carbon foot print, and so increase the risk of global warming for the rest of the world.

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