In the Sept 3 edition of The Economist, they talk about the recent train crash in China, remarking...
The crash was an embarrassment; a reminder that China's state-directed rush to modernise has involved cut corners, shoddy safety standards, and a staggering amount of corruption. That contradicted the official storyline, in which China has become the world's second-largest economy thanks to the Communist Party's wise guidance.
The article is a useful reminder that greed and corruption are present in all facets of life, including both the private and the public sector.
I wonder, has anyone remarked on the similarity of this train wreck to the train wreck in Atlas Shrugged? Not just the carnage, but the cause of the wreck?
Monday, September 12, 2011
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2011
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September
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- Was the Old Testament plagiarized?
- Economists should act more like historians
- [Marginal Revolution Style] Markets in Everything:...
- The Goal of Economics
- Fact About Garbage
- Fact About Plastic Shopping Bags
- Today's Quote
- Two Neglected Phenomena of Modern Macroeconomics
- Local Currencies
- An odd wedding vow
- Isabel Paterson's Political Philosophy (first atte...
- There is a book within each of us
- Projecting Book Sales
- How To Run An Ancient Government
- Jon Stewart on political polarization
- Equal Before The Law
- The Evolution of Language
- What would you say before your suicide?
- The Majesty of Ancient Rome
- Greek Stimulus (not what you think)
- I deceive myself because it makes me awesome
- Quantification and Society
- Wonder-Twin Powers: Activate
- Law and Order: Anglo-Saxon Unit
- Item related to origin of law and contract society
- The Evolution of Contract Society
- Purple is for Power
- China and Ayn Rand's Train
- Never believe academic research (half the time)
- Pillage and murder is okay, but not the earning of...
- Nuts to St. Francis
- What I look for in a fiction
- On McDonald's Happy Meal
- Merchants of Christ and the Sin of Planning
- Movie of Leonardo Fibonacci
- Cause of the Great Recession (1998-?) and Importan...
- Origin of "noon" from Medieval Ages
- Huey Long: Destined for Dictatorship
- The First Monotheist...
- The Religion of Keynesism
- Origin of the word salary
- The Tragedy of Russia
- Tragedies of Central Planning
- Medieval Merchants, Ideas, and Economic Growth
- Ancient Chinese Thought on Government
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