[Peace-discuss] Fw: [socialistdiscussion] China's role in world

[E. Wayne Johnson]

I would not suggest that state-owned enterprises are generally part of 
the Chinese "miracle".

Thousands of state run enterprises have closed and been replaced by 
private enterprises.

Although there are indeed well run state-owned enterprises, the general 
characteristic
of state-owned enterprises is that they are bureaucratic and poorly 
managed, generally
stupidly managed and are populated by generally inert and ineffectual 
institutionalized workers.

Hence the article mentions privitization as a goal.




On 1/3/2011 2:19 AM, David Johnson wrote:
> ----- Original Message -----
> *From:* Ed Bober <mailto:ed at edbober.plus.com>
> *To:* socialistdiscussion at yahoogroups.com 
> <mailto:socialistdiscussion at yahoogroups.com>
> *Sent:* Sunday, January 02, 2011 3:50 AM
> *Subject:* [socialistdiscussion] China's role in world
>
> I found this article on China by Niall Ferguson very interesting. It 
> is presented from an entirely pro-capitalist point of view, but 
> nevertheless it provides a learned overview of the economic history of 
> China going back to the middle ages, and it gives a lot of data 
> illustrating trends in the world economy today.  It graphically 
> illustrates the demise of US economic domination. It shows how China 
> is challenging and relentlessly replacing the USA as the world's new 
> economic power. It does not credit the role of state ownership and 
> economic planning as a crucial factor in China's economic growth.
> The eclipse of western economic and military domination of the planet 
> is a crucial factor in the political instability of the west and the 
> potentially revolutionary future.
> In this regard I thought the words of Chinese premier Wen Jiabao were 
> particularly significant:
> " Do not work to pressure us on the renminbi rate.... Many of our 
> exporting companies would have to close down, migrant workers would 
> have to return to their villages. If China saw social and economic 
> turbulence, then it would be a disaster for the world."
> http://dinmerican.wordpress.com/2011/01/02/in-chinas-obit/
> Thanks to Al for drawing this to my attention.
> Ed
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