China's Empty City: government stimulus & central planning at work

New Ordos is "the city that government built"...a product of central government planning and "stimulus" spending. This is the result of when governments attempt to steer economies.


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Category:

Education

Tags:

• china
• central planning
• sowell
• friedman
• hayek
• mises
• reason
• stossel
• government
• stimulus
• socialism
• economics
• austrian school
• krugman
• obama

[EGarrett01]

This reminds me of that "Citadels of Dead Capital" article. It's sad that some people never, ever learn from history.

[ExtendingMiracles]

What the?????? My guess is the super rich people moving out of the US and into China IF our economy totally collapses ?????? hmmmmm strange

[TimeManInJail]

@lorenzo8500 the us has the largest spending in military/weapon the US also has poorer nation in debt to them. Yes the US has a corrupt system as well capitalism is killing them slowly. But none the less the US will not be screw effectively in a short time period. This day and age its ludicrous to go to war, my guess would be they won't be consider the power house in the next 10-30 year consider the current situation.

[mikimaki55]

They rathaer eat their own shit than spening modey greedy punks

[TBird4490]

@energyalt56 It's actually just 15 trillion.... but yeah. Go be ignorant elsewhere =) You are wrong hehe.

Argument dismantled. /Owned.

[callmewind]

I'd prefer Harkonnen

[energyalt56]

@sai18kit US balance sheet is z worst in human history, US has money???? 2 to 4 cent/dollar, 66 trillion in debt, Chicago professor report the debt is 213 trillion

In her bankrupt stage, z bubble is so severed beyond repair, kept print electronic $ that drag z world down

[energyalt56]

@TBird4490 U need to read chinese recent history and not to believe in proporganda, 1949 national gorvmy lost to Mao, took all treasury to Taiwan, left not even one cent to Mao after two wars(Japan and Juang Ki Chik army

Million people lost life due to starvation after war, Its not Mao kill her ppl, red guard did killed few 100,000's

CHINA IS A ROLE MODEL, INDEED, USA HAS 16 WARS, 242 millitary conflicts.run by interest group shawdow that ruin ppl lifes

[TBird4490]

@energyalt56 China is a role model? China killed 65 million people in a genocide under Mao Ze Dong.

Disgusting...

[FUNBOY1377]

I can't wait for this bubble to pop. sad

[Norgath01]

What a waste

[sai18kit]

@energyalt56 You do know that the US still have so much more money than Singapore, China, and Japan if the government doesn't spend like no tomorrow? The income per person in US is very high comparing with many countries, and only those small contries with huge natural resources beat the US in term of income per person.