In These New Times

A new paradigm for a post-imperial world

China seizes the day for market forces

Posted by seumasach on March 13, 2013

“The deputy prime minister in charge of the reform, Ma Kai, has explained that the purpose of restructuring is to give power to the markets and society, to reduce government intervention in small matters, and instead to improve the government’s ability to manage macro-economic matters and provide supervision.” 

This is the complete opposite of the British system where the state renounces control of the commanding heights of the economy in favour micro-managing human behaviour

Francesco Sisci

Asia Times

13th March, 2013

BEIJING – There are two deep and long-term aspects to the administrative reforms announced at the end the plenary session of China’s parliament, the National People’s Congress (NPC). One appears to be fully in the imperial tradition of concentrating power to the center and stemming the centripetal forces that have brought domestic and foreign policy out of control. We pointed out this major problem earlier this year Too many cooks spoil foreign-policy stew (Asia Times Online, January 7, 2011).

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