The free market would never produce this – an entire city, built for one million people, to which no one has yet moved. All because some central planners thought the existing city should be replaced.

And of course, no one has ever lost money investing in real estate in China!

httpv://www.youtube.com/watch?v=0h7V3Twb-Qk

h/t to John Derbyshire at NRO.