Last week, Bloomberg reported on China's electric vehicle (E.V.) "graveyards"—plots of land across the country where hundreds of vehicles have been abandoned.
From the outset, the piece places blame on "the excess and waste that can happen when capital floods into a burgeoning industry." It closes by quoting a Shenzhen–based photographer who calls the graveyards "a result of unconstrained capitalism…. The waste of resources, the damage to the environment, the vanishing wealth, it's a natural consequence." Not only does this quote get cause and effect totally wrong, but it also ignores the fact that China poured tons of government money into the industry.
