NOBULL: China’s Bad Earth — WSJ
Posted in Daily
July 27, 2013, 2:39 a.m. ET
The Wall Street Journal
In Dapu, a chemical factory sits next to a farm. ‘Nothing comes from these plants,’ says a local farmer.
Industrialization has turned much of the Chinese countryside into an environmental disaster zone, threatening not only the food supply but the legitimacy of the regime itself.
It is estimated that China’s pollution costs them about 6% of their GDP due to inadequate harvests, spoiled land, and health issues. If the U.S. Congress continues to de-fund the EPA and reduce its enforcement powers, that would project to about $1 trillion per year in the U.S. Government definitely has a return on investment in this case.