Skyhooks versus Cranes

http://chartercities.org/blog/72/skyhooks-versus-cranes-the-nobel-prize-for-elinor-ostrom

Paul Romer made a very good point by pointing out: One of the central challenges in understanding failures of economic development is that in many places, police officers don’t follow the rules they are meant to enforce. 


This is what is happening in China now. We have everything figured out, and the only problem seems to be that  no one bothers to do those righteous things.