Either China has a lot to learn about “free markets” or those who believe in the concept of supply and demand need to catch a clue as to where the future is headed.
Does China need a lesson in “free market” mechanics or do those who believe in freedom need to see the writing on the wall?
There are those who believe supply and demand encompasses a mathematical logic that eclipses just markets and determines how people behave and societies make decisions. When something becomes short in supply – water in California, for instance – the price rises. This, in turn,...