China Suffers Widespread Power Blackout Chaos as Strict Climate Targets Bite

The fundamental strength of free markets and free societies is that albeit people often do horribly misguided things, market forces usually either set them straight pretty quick or they leave the market making space for those who do what’s needed. The bigger a corporation becomes, the more this principle gets violated which is why big corporations sometimes produce horrible disasters. But nothing matches China Inc. as no other entity holds more than a billion on such a short leash. Mistakes made in there produce the biggest ripples. And are very hard to recover from.

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