“a new kind of hybrid corporation, backed by the state but behaving like a private-sector multinational.”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:14AM
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“With the West in a funk and emerging markets flourishing, the Chinese no longer see state-directed firms as a way-station on the road to liberal capitalism; rather, they see it as a sustainable model. They think they have redesigned capitalism to make it work better, and a growing number of emerging-world leaders agree with them.”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:17AM
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“State capitalism’s supporters argue that it can provide stability as well as growth. Russia’s wild privatisation under Boris Yeltsin in the 1990s alarmed many emerging countries and encouraged the view that governments can mitigate the strains that capitalism and globalisation cause by providing not just the hard infrastructure of roads and bridges but also the soft infrastructure of flagship corporations.”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:18AM
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“State giants soak up capital and talent that might have been used better by private companies. Studies show that state companies use capital less efficiently than private ones, and grow more slowly.”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:21AM
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“State capitalism works well only when directed by a competent state.”
有感而发：Is private capitalism any different?
The rise of state capitalism
June 6, 2022 at 09:25AM
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“Rising powers have always used the state to kick-start growth”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:26AM
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“Republican nominee for president wants to declare China a currency manipulator on his first day of office”
摘抄自： The rise of state capitalism
June 6, 2022 at 09:27AM
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“Republican nominee for president wants to declare China a currency manipulator on his first day of office”
有感而发：because he wants China to manipulate its currency the way as America wants
The rise of state capitalism
June 6, 2022 at 09:28AM
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“Both for their own sake, and in the interests of world trade, the practitioners of state capitalism need to start unwinding their huge holdings in favoured companies and handing them over to private investors.”
有感而发：a rough translation: god damn you, I cannot win this competition with your state capitalism. So stop it so I can beat you!
The rise of state capitalism
June 6, 2022 at 09:29AM
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“state capitalism, which tries to meld the powers of the state with the powers of capitalism. It depends on government to pick winners and promote economic growth. But it also uses capitalist tools such as listing state-owned companies on the stockmarket and embracing globalisation.”
摘抄自： The visible hand
June 6, 2022 at 11:17AM
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“State capitalists are wrong to claim that they combine the best of both worlds, but they have learned how to avoid some of the pitfalls of earlier state-sponsored growth.”
有感而发：Didn’t they combine the best of both worlds? why not?
The visible hand
June 6, 2022 at 11:22AM
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“How can you ensure a fair trading system if some companies enjoy the support, overt or covert, of a national government?”
有感而发：translation: it’s only fair when US and UK companies enjoy the national support.
The visible hand
June 6, 2022 at 11:24AM
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Artemis I Moon Rocket Heads Back to Launch Pad for Testing The rocket is scheduled to launch later in 2022.
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晚安哦