California’s ‘Drought’ Has a Monetary Metaphor

Water policy in California is bizarre. I had no idea how bizarre until Jerry Brown declared his water emergency last week.

With 39 million people living in a semi-arid to desert environment (at least the southern 2/3 of California) doesn’t it stand to reason that at some point water might become a critical issue? A really critical issue? Doesn’t it also stand to reason that the people of California should be priority number 1 when it comes to water,

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Woman Criticizes Honolulu’s Government, Has Her (Anti-Eminent Domain) Protest Signs Bulldozed

Arthur Dent fighting a similar battle in the 1970s.


Local governments love to seize property for projects. Since the Kelo Decision such seizures often are blatant transfers of wealth from the relatively poor and unconnected to the rich and very connected. If your property isn’t generating enough tax revenue for the city fathers (and their underlings) watch out, a bulldozer my be on your doorstep soon.

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State “capitalism” at it’s best: China Accidentally Built a Housing Complex in the Middle of a Highway (Photo)

China is a land of wonders. The joys of state capitalism abound in the ultimate crony capitalist state. Witness this gem of planning, a lovely condo placed smack dab in the middle of a massive highway.  Very nice.

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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.

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

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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