On the path of decline
This is a month old but still worth watching. The people who cannot run a restaurant properly are now threatening to steal entire industry. It is sad to note that while china start understanding the importance of reducing government regulations and opening the market, we are in a fast lane of deterioration. Acknowledging the positive effect of liberal economy (i.e. free market) on establishing liberal-democracy we should consider also the opposite - attempts to centralize the control on the market are going hand in hand with other offenses against individual liberties.
Tags: China, Liberal Democracy, Nationalization, The Oil IndustryRelated posts