Keynes in China

Matthew Yglesias on Keynes in China:

China is an extremely large country with over triple the population of the United States of America. It's also got a moderately corrupt government and a massive surge in infrastructure investment going on. Under the circumstances, there are doubtless dozens of ill-conceived projects under way on any given day. But I am astounded by the regularity with which things I see western observers denounce as examples of excess end up looking quite sensible.

There is more, of course.

Comments

Popular posts from this blog

Left, Right and Indian

Harari Again

Slackers