Thursday, December 10, 2009

Ordos: China's empty city. The poster child for communist inefficiency

Command economic systems do not answer the scarcity question efficiently. They can't answer the questions of what, how, and for whom with any level of success. Meanwhile, people in China live in poverty.

Watch this 5 minute video, Ordos: China's empty city. You will be stunned.

On an ironic side note, the video is from AlJazeera, the Middle Easts news network.

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