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China

Plástica non grata

Photo by Nikki Dawson; via Pixabay
A distressingly familiar sight at beaches all over the world. Image by Nikki Dawson, via Pixabay

China doesn’t want our plastic crap anymore. What do we do with it now?

This week’s hot topic seems to be the banning of plastic waste. Google “petition, plastic,” I dare you. It’s as if the primary occupation of our progressive population is writing and circulating petitions. Moveon.org is a great place to start. They have a “petition” section where you can sign up to ban plastic bottles, straws, bags, and Styrofoam. I didn’t make it to the end of the list. Add that Trump is behind it, in favor of it, promoting it, etc. and people climb over each other to sign up. As though we haven’t been doing this for decades. China has absorbed nearly half of this waste since 1992. And now it has nowhere to go. But signing petitions isn’t going to solve the problem.

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Berkshire Business Outlook, Episode 1 — Ken Kuttner on This Week’s Stock Market Jitters

Ken Kuttner, Chair of the Department of Economics
at Williams College, provides some perspective on world markets and China’s scramble to stay solvent.

Floor of the New York Stock Exchange, cropped; photo by Kevin Hutchinson; CC BY 2.0
Floor of the New York Stock Exchange, cropped; photo by Kevin Hutchinson; CC BY 2.0

The Berkshire Business Outlook Caught up with Ken Kuttner after a couple days of chasing him around Asia. We caught up with him in Queensland, Australia. He was generous with his time and gracious with his answers, supplying insightful answers to my, at times, Econ 101 questions about this past week’s stock market instability and China’s economic house of cards.

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