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.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!