China's National People's Congress meet in Beijing Wednesday, with the country's crippling smog, which now looms as a threat to the leadership, high on the agenda. China's air isn't polluted because the technologies to keep it clean are unavailable but because the country lacks a credible regulatory regime that makes polluters pay and rewards investors to innovate. Why does the government target BBQs and individuals instead of the major polluters? Because it knows how to deprive ordinary citizens of their property and their lives. It doesn't know how to regulate an incoherent economy bereft of market discipline.