The Free Market
The ABC reports that Deadly blasts rock northern Chinese city; hundreds injured: “Huge explosions have hit an industrial area in the north-eastern Chinese city of Tianjin, killing at least 17 people and injuring more than 400, state media says.” Officials are not certain that the 17 fatalities includes the 9 firefighters who are known to have died.
This is a port and industrial city to the southeast of Beijing that is home to 15 million people. No one knows why the explosives detonated because it is highly unlikely that any officials knew the explosives were stored there. More people will probably die in the fires caused by the explosions.
This is Ellroon’s area of concern, people being killed by the free market in China, because regulations are bad for business.
Update: The death toll is rising. The ABC is updating that link.
August 12, 2015 5 Comments
