Kabubble: Kabul’s Looming Collapse
A new office building in Kabul, part of a boom some say is unsustainable. (Photo: Wiki Commons)
A recent article in Harper’s highlights the huge distortions in the economy of Afghanistan.
Mathieu Aikins wrote the piece about what he says is a bubble in Kabul.
The title is “Kabubble.”
Scenes of crass conspicuous consumption, alongside highly inflated prices for land and goods and services are unsustainable, he argues.
And, he says, a crash is inevitable, probably as soon as the majority of foreign forces leave Afghanistan in 2014.
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