China’s Ghost Cities

China may have just recently surpassed the United States as the world’s biggest manufacturing economy, but you’ll never believe this.  In order to keep their economy revved up, they’re building entire cities which are empty!  Ghost cities.  You’ll find entire cities built to house 12 million people that are nearly empty.  Huge apartment buildings, skyscrapers, shopping malls…all empty.

Their government keeps embarking on huge infrastructure projects in order to give people jobs, but they’re building stuff that doesn’t match demand.  And what’s so ironic about is that you have people next door living in squalid conditions, nine people to a tiny apartment, yet these new apartments are priced way past anything they could ever afford.  The apartment would cost $100,000+ yet they only earn $6000 a year.

This is the strangest thing I’ve seen in a while.  I’ve heard of waste, but I’ve never seen waste like this.  Oftentimes when I hear liberals talking about public works infrastructure projects to save the economy, I think of things like this.  Economics is more complicated than just giving people jobs to dig ditches and build useless things.

Socially I’m liberal, but economically, I’ll largely a conservative.  When Obama starts talking about building new high speed trains, and other public works projects, just remember this and take note of it.  The United States has such a large and powerful economy, wasteful projects can be absorbed without much notice.  But if you amplify those sorts of policies, this is the result.  Massive waste.

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2 Responses to China’s Ghost Cities

  1. Teja says:

    Building ghost Cities is wierd but may be there are some positives involved in it. Development for
    developing sake is bad but without a gain no government will invest huge amounts of money just for the
    heck of it. I am not from China but just want to bring forward a different point of view. The positive side of it
    is it boosts China’s GDP which will draw the attention of foreign investors and also the attention of the world
    because of which we can see a significant impact on the market(Eg: India). Many MNCs see it as a profitable market
    and may try to make their presence in it which will ultimatly lead to the creation of many better jobs and
    will help in raising of earning standards of the natives making the once unaffordable apartments affordable
    (if these bulidings remain intact during the whole process).

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    Ninh Tran

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