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Tells how the present use of electricity and oil is inefficient and wastes capital that could be invested in industry.
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This magazine's founder, B.C. Forbes, used to say that those who waste capital or commit fraud are among the greatest enemies of capitalism.
As they saw it, this caused unemployment and wasted capital.
Today, Guiyu, a city in Guangdong province, is the e-waste capital of the world.
Using natural resources more efficiently ought to divert wasted capital to more productive investment.
The region with the highest risk of wasted capital in the report was Alberta.
Moreover, a lot of what was termed "investment" during the boom years was misallocated — wasted — capital, so many productive projects were ignored.
At first he tried accumulating large inventories to prevent delays or stoppages of the assembly line, but he soon realized that stockpiling wasted capital.
Russia's mostly private oil firms seem unlikely to waste capital in this way, and Iraq will not be able to do so for many years.
As a result, just when some of the other ingredients of China's boom, such as cheap land and labour, are becoming scarcer, the government is wasting capital on a vast scale.
In the 1980s, says Edward Morrison of Columbia law school, bankruptcy let entrenched managers at troubled firms avoid restructuring: for an example, he points to Eastern Airlines, which kept flying and wasting capital at cut-throat rates while in bankruptcy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com