Surprise, Central Planning is Still Stupid (Even in China)
Lee on Aug 07 2008 | Filed under: Foreign affairs, Lee's Page, Uncategorized, Urban planning and development
(photo: 2 Dogs)
Modern China has a curious capacity to make otherwise very sensible capitalists instantly forget every experience they’ve ever had with government central planning. The Western businessman on a trip to Shanghai looks up and sees all those gleaming skyscrapers going up on the Yangtze, and he thinks massive state planning must be different [...]
