Re: It all depends on China's government. She must base her system on curtailing costs as well as red tape. The fact is government is financed by people production and is not the reason why people produce.
I believe that's a matter of a year or two... China will unleash the privatization of her economy once the Chinese "crown jewels" are strong enough to resist foreign greed... The GEs, Citibanks, and AOL/TimeWarners of China must remain in Chinese hands... After all, are Americans ready to sell out their Fortune 500s to Chinese tycoons? The Pentagon would be MAD about it, wouldn't it? I remember, for that matter, the controversy over the sale of Lucent... French IT powerhouse Alcatel was a bidder... Gracious! Lucent and its world-famous Bell Laboratories ending up in French hands!! The White House (that is, the Pentagon) scrapped the deal.
Anyway, the issue of China's bureaucracy shouldn't be overstated... Keep in mind that we're talking of 1.3 billion people!! At least, China will rely on a single officialese (mandarin), and a centralized administration. Contrariwise, Europe's bureaucracy is running amok... employing thousands of translators (combination of two out of 20 different languages) and thousands of technocrats who basically reinvent the wheel and enforce it upon subservient "national bureaucracies" (in France, Belgium, Italy, etc.)
Gus |
