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SOE, good or bad? [Copy link] 中文

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Post time 2012-8-24 07:11:59 |Display all floors
This post was edited by 468259058 at 2012-8-24 07:13

When we studied in school, the textbooks said Government running economy is good. All of resources and property should be owned by government.

Later when we were still in school, the textbooks changed, Government-owned economy is good. Most of resources and property should be owned by government.

Later when we were still in school, the textbooks changed again, Partly government-owned economy is good, at least half of resources and property should be owned by government.

Now, from our experience at work, People used to call resources and property of government by "Gong Jia". Those resources are owned by everyboday and noboday. So, we wouldn't hurt anyone if we get sth from resources and property of government. Everyone would be generous if one deals with some resources and property and money which owned by government.

SOE, good or bad?
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Post time 2012-8-24 15:17:23 |Display all floors
The biggest problem with SOEs is the liability issue. Just look at any private company that is in trouble and has to downsize and lay off people. They aren't exactly treated as heroes.  Now what happens when SOE is in trouble? Will the rulers that be gracefully accept responsibility of cleaning up their mess or will they just shovel tax money into to the SOE and pretend like nothing.

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