People use the marketplace to deliver what others need and want. Environmentalism, on the other hand, is built around denying human needs.

For centuries, entrepreneurial talents in China were diverted to military wars, political struggles, and government services. But now things are changing.

Even if business people learn to expect easy-money caused bubbles and busts - this would still not prevent the formation of a boom-bust cycle.

In June, year-over-year growth in the money supply was at 1.98 percent. That was down slightly from May's rate of 2.10 percent, and was well down from June 2018's rate of 4.30 percent.