Tuesday, August 24, 2010

Prices move faster than traffic in China's gridlock

(image from 'politics and world')

What a story from China! A 60 mile traffic jam is going on its 10th day now, with drivers moving forward at half-a-mile per day. In an almost universally typical fashion, the local townsfolk who weave between cars with water or noodles, supplying the drivers with precious food and water, are being accused of price-gouging because they dare to sell the goods at higher than a certain previous price.

Think of this 10-day jam on the way home tonight, when you are in traffic for a few minutes!

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