December 2000
Enduring Socialism And The Death Of Profit
The reason most investors are so keen to see China accede to the World Trade Organization is that they have been shocked by the extent to which the government – rather than market forces – still controls economic activity. In most countries this type of economic dirigisme is called socialism. In the following pages, CEQ argues – contrary to received international opinion – that the term should still be applied to the People’s Republic of China.
Also in this issue:
Policy banks: the new black hole
Home ownership: rolling the credits
Overseas students: homeward bound?
Monkey King: Jim McGregror