Government planning, via Marginal:
China's empty city
(of the day). YouTube. At about 1:20 you will see that a city built
for one million residents remains empty, a' la Austro-Chinese business
cycle theory. "Ordos was a government idea, an infrastructure project
taken to its limits, the motivation was likely gdp..." -- can you
get better than that? After the first minute or so the video
is stunning.