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over the past three weeks the second largest economy in the world has been subject to Rolling blackouts with more than half of all Chinese provinces and now been subject to strict power rations businesses are being forced to close early factories have been told to reduce output and even Bare Essentials like traffic lights and elevators are going out with little to no warning causing all manner of Chaos in a country with a lot of traffic and a lot of high-rise buildings the real tragedy here is that all of this is simply a market failure there havent been any natural disasters or conflicts which have destroyed electrical lines or shut down power plants in fact the countrys capacity to produce and provide energy is the best its ever been so there is something more going on here but regardless of root causes this could not have come at a worse time China was in the process of rebuilding its economy after the pandemic preparing to host the Winter Olympic Games all while simultaneously f
