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View Full Version : China's traffic jam. Why capitalism works and why government intervention does not




BlackTerrel
08-28-2010, 01:49 PM
http://www.dailymail.co.uk/news/worldnews/article-1306058/China-traffic-jam-enters-11th-day-officials-admit-weeks.html


Next time you are stuck in a traffic jam, just think of the traumas inflicted on China's drivers.

Thousands of motorists have been caught up in a 60-mile tailback since August 14 - an incredible 11 days ago. And it could last a further three weeks.

While many motorists took detours, some ended up trapped for up to five days, sleeping in their cars and taking shifts behind the wheel.

And local traders made the most of the situation by setting up stalls and roaming from lorry to lorry selling their wares at exorbitant prices...

....Within hours, a mini-industry sprang up at points where traffic was at a standstill, with locals charging high prices for food and refreshments.

Hundreds of thousands of people stuck in a massive traffic jam for 11 days without access to food and water. Can you imagine if the government tried to get these people food and drink? It would a disaster as we witnessed here during hurricane Katrina.

Yet in China, a country that was considered communist until not very long ago, the private sector immediately springs into action, feeds hungry people and makes a nice profit.

That's how shit works. If the Chinese government tried to undertake a massive operation to feed these people it would never work.

Exhibit A as to why capitalism is awesome and the private sector will always manage better than the government.

Cowlesy
08-28-2010, 01:54 PM
In the U.S., we'd have FDA inspectors chasing around people hauling around food/drink carts asking, "Do you have a permit for this???? What is the temperature of your lettuce???"

Mini-Me
08-28-2010, 01:57 PM
...eleven days, and it may be THREE MORE WEEKS?!? How did something like this even come to pass? This was a major screwup by whoever [ - in the government, naturally - ] planned out this construction project! :eek:

Either way, I have to agree with your commentary. The prices will naturally be high under these conditions, but...it sure beats the alternative.

erowe1
08-28-2010, 02:16 PM
In the U.S., we'd have FDA inspectors chasing around people hauling around food/drink carts asking, "Do you have a permit for this???? What is the temperature of your lettuce???"

Yep. Plus they'd outlaw the price gauging so none of those merchants would have any reason to show up anyway.

BlackTerrel
08-29-2010, 04:15 PM
Either way, I have to agree with your commentary. The prices will naturally be high under these conditions, but...it sure beats the alternative.


Yep. Plus they'd outlaw the price gauging so none of those merchants would have any reason to show up anyway.

What's funny is the article comments a number of times about "price gouging". Yeah so you pay a little extra and you get to not starve. Not a bad thing.

ClayTrainor
08-29-2010, 04:18 PM
Yep. Plus they'd outlaw the price gauging so none of those merchants would have any reason to show up anyway.

Dam capitalists trying to make a profit!

american.swan
08-29-2010, 04:24 PM
Couple points here. What is "price gouging" in rural/suburban China? Was it really THAT much higher? Also, with traffic that bad could the drivers get to the bank? If NOT!! There's limited funds for a "three week" traffic jam and food is also limited of sorts. The same farmer may not food after a few days, then what? And the farmer can't get out either maybe.