Thursday, April 9, 2026

Billions wasted 1

Years ago, I discovered China's urbanizing drive, their "ghost cities," and their empty towns: staggering amounts of money were invested to develop them, yet almost no one lived there.

Years later, and they haven't changed much. (Here's a recent update on Kangbashi.)

Other countries have their stories of enormous expenditure, followed by emptiness or failure. Check out the gorgeous, expensive Forest City of Malaysia--empty and eerie for the few who do go there:

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