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Videos: Traffic Without Traffic Lights

Written by Gary North on January 9, 2015

In the West, we cannot imagine urban traffic control without traffic signs and lights. But the following testifies to the viability of voluntary, free market arrangements. These are sped-up videos of traffic congestion without traffic lights. At normal speeds, it’s even easier. Liberals simply cannot imagine this. Libertarians can imagine it, but they have not […]

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Christians in China Outnumber the Communists

Posted on December 30, 2014

Though the Chinese Communist Party is the largest explicitly atheist organization in the world, with 85 million official members, it is now overshadowed by an estimated 100 million Christians in China. It is no wonder Beijing is nervous and authorities are cracking down on Christian groups. Christianity is growing so fast in China that some […]

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Keynesianism + Central Bank Counterfeiting + Aging = Stagnation

Posted on December 26, 2014

Japanese drew down savings for the first time on record while wages adjusted for inflation dropped the most in almost five years, highlighting challenges for Prime Minister Shinzo Abe as he tries to revive the world’s third-largest economy. The savings rate in the year through March was minus 1.3 percent, the first negative reading in […]

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Tsunami + Keynesianism + Sharia Law = Stagnation

Posted on December 26, 2014

After the peace came $7.2bn of relief funds from international donors and the Indonesian government in one of the world’s biggest and most complex disaster reconstruction efforts. It left Aceh with some of the country’s best roads and hospitals, 140,000 new homes and 1,400 new schools. The funds also gave a big boost to the […]

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China’s Communist Regime vs. the Hackers

Written by Gary North on November 21, 2014

china-and-hackers

In an article about the Chinese government’s massive firewall to restrict social media in China, the following statistic was reported: there are 1.4 billion Chinese, and 632 million of them are online. I would not place too much credence in the specificity of these figures, but the general estimates are probably correct. Something in the […]

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Japan Is in a Recession: Abenomics Is Not Working

Written by Gary North on November 17, 2014

abenomics

Japan’s central bank is inflating on a massive scale. The policy is not working. The Japanese economy is in a second quarter of contraction. The Japanese stock market boomed in response to the flow of new money. It is now falling. The government hiked the national sales tax from 5% to 8%. It had planned […]

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Protestantism in China Is Spreading

Written by Gary North on November 6, 2014

chinese-protestants

It was not supposed to happen, according to Karl Marx. Religion is spreading fast in the not-quite-Communist paradise. Evangelical Protestantism is on the cutting edge. There were maybe a million Protestants in China in 1976. It is estimated that there are 100 million today. But no one knows. They are operating in the shadows. They […]

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China’s Vast Amateur Spy Network: Kiss Patents Goodbye

Written by Gary North on September 23, 2014

patents

The patent system is hopeless. China can violate it daily, and does. China can violate it systematically, and does. The FBI cannot stop this. Nothing can stop this. But if the Chinese can get away with this, it means that NSA and the entire domestic spying network is hopeless, too. The American public is oblivious […]

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China’s Housing Bubble Has Popped

Written by Gary North on August 27, 2014

china-bubble

Those trusting souls who arrived late to the biggest housing bubble in history have lost a lot of money. They are going to lose a lot more. It’s here at last. Pop. Writes MarketWatch: In one case, scores of property owners surrounded a Shanghai sales office of Greentown China Holdings Ltd. 3900, +8.58% GTWCF, -33.19% […]

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