06 October 2011

The Folly of Central Planning

Over 65 M completed new homes sit unused in China, 
along with public buildings/accompanying infrastructure...


If the Chinese property bubble pops... what then?

The massive public projects under way in communist China today include sprawling housing developments, retail shopping districts, and 'forests' of skyscrapers. Since they were built to support the country's ongoing economic boom and real-estate rush, all these tower block condos, economic centers, and recently-built neighborhoods should be bustling with hard-working Chinese newcomers from the countryside... or so you'd think.

But satellite pictures taken earlier this year revealed that China's odd unused-housing stock glut has only gotten worse, if anything: they indeed built it, yet nobody came as of yet. The photos betrayed dozens of newly-erected 'ghost-towns' that have resulted from Beijing's communist leaders' insistence upon building "20 cities a year for the next 20 years"- as recently announced in the government-controlled Chinese newspapers.

I myself have always enjoyed exploring ghost towns of the American west, those crafted by enterprising pioneers whose time had passed on-by.  How more opposite could it be then, the Chinese predicament brought about by government bureaucrats in a far-away capitol crafting soulless cement apartments for towns who's time has yet to arrive... if ever:









How weird is this one, a mini-Switzerland









Reminds me of Omega Man... pretty creepy:


Satellite imagery -here-


12 comments:

Fuzzy Slippers said...

Wow, reminds me of something I saw or read about the UN's Agenda 21. It is creepy.

Woodsterman (Odie) said...

Ah yes, the success of beauricratically controled supply an demand.

Reaganite Republican said...

We can't "86" the UN fast enough~

republicanmother said...

I love ghost towns too, but those that aren't lived in are double weird.

Talking about central planning, it really burns my grits that the UN and certain central monetary entities like the World Bank and IMF seem to dictate how and where out military is used. Think about it, our country is not really sovereign as our leaders give deference to these groups and give them all the money and guns they ask for.

Reaganite Republican said...

Amen

Zilla/MJ said...

This was all probably paid for with all the money we send to China, not only do they make all the stuff we use, but we give them a buttload of 'foreign aid' even as they charge us interest to 'borrow' from them.
Very creepy, probably preparation for the zombie apocolypse.

republicanmother said...

Maybe instead of putting us in FEMA camps, dissidents will be living in a Chinese work-town.

We're offshoring everything - why not prisons?

Wilberforce said...

Ready, waiting, silent, watching.

Trestin said...

I've been watching this for a while. I think China is heading down the same road we did. In 30 years India may become the the world power, they have a much less Keynesian approach.

Anonymous said...

I wonder how those buildings are going to stay maintained if they are empty. Does each one have a building manager and team living inside? Or are they really empty? Because with that much unused real estate, it's going to start falling apart real fast.

republicanmother said...

linking this:
http://therepublicanmother.blogspot.com/2011/10/rule-5-sunday-detox-link-up.html

Reaganite Republican said...

Thanks Mom!

And Trestin, I agree with you... the Indian economic model is indeed superior

Post a Comment

The Reaganite Republican welcomes your comments...