Thursday, July 20, 2023

Another China Lab



Almost 16 million trees have been chopped down on publicly owned land in Scotland to make way for wind farms, an SNP minister had admitted amid a major drive to erect more turbines.

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RFK Jr.'s son, Conor, joined Ukraine's Foreign Legion to fight in Ukraine.

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Is it my imagination, or are there a lot of personal attacks on the more conservative Supreme Court justices?


Another China Lab

China’s empty buildings, unused airports, and barren highways are what central planning looks like in practice.

One of the key problems with central planning is that government planners don’t know how much to produce. In the absence of price signals that communicate the need for goods and services, they just have to guess. The guesses aren’t guided purely by practical analysis, of course. Political considerations often play a large role, as do the desire to “uplift” less developed areas.

China’s province of Guizhou is one of its poorest. The government sought to spur development there and commissioned massive construction projects. Bloomberg reports some staggering facts of the government’s overbuilding.

Near the city of Zunyi, one of Guizhou’s largest, the government built three airports. The one furthest from the city only has four flights per week. Guizhou’s mountainous terrain has provided a playground for Chinese civil engineers, and the province is home to nearly half of the world’s 100 tallest bridges. It’s “questionable whether it was entirely necessary,” Bloomberg puts it mildly.--Pino

If you build it, they will come?

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