Institutional Blindness

beijing-pollution

An extract from a the NYTimes article:

WASHINGTON — China’s growth has slowed significantly in recent months. But even its current pace of expansion may not be sustainable, the International Monetary Fund warned on Wednesday, unless China starts making significant and systemic economic changes — and soon. . . “A decisive shift toward a more consumption-based growth path has yet to occur,” the I.M.F. said. “Accelerating the transformation of the growth model remains the main priority.”

Life in China has historically, like many poor countries, been difficult, but is this the way to alleviate it? Continuous grown is not only not sustainable, but it is a primary cause of unsustainability. Ask those living in Beijing about the air they breathe.

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