Via Free markets versus central planning explained in a simple picture. @ AgainstCronyCapitalism.org.
Film: In the Flight Path
China, Planning, State Capitalism
Chinese State Capitalism Leads to a Ghost Manhattan
The Problem is Central Planning
Banking & Finance, China, Economy, Planning, State Capitalism
The $91-Billion-Dollar Example of Failed State Capitalism (Chinese Edition)
One illustration, of many available: CAOFEIDIAN, China— A $91 billion industrial project here, mired in debt and unfulfilled promise, suggests part of the reason why China’s economy is wobbling – and why it will be hard to turn around. The steel mill at the heart of Caofeidian, which is outside the city of Tangshan, about…