← "Daily linklets 15th August" | Return to Main Page | "Daily linklets 16th August" → | TrackBack (2)
August 16, 2005
Communists as capitalists
Brave or foolhardy? Perhaps Li Datong is both. From the SCMP, the story of ructions within China Youth Daily:
A veteran editor of the outspoken China Youth Daily has taken the newspaper's editor-in-chief to task for allegedly restraining editorial freedom and succumbing to party dogma.Any bets on how long Li Datong will last? Answers in minnutes please. What is more interesting is the explicit aligning of reporters' interests via their pay checks to spouting the party line. It's textbook capitalism by the Communists. While on press freedom, Hong Kong journalists have been warned to learn the mainland's news rules after the Ching Cheong arrest.
Update (14:30) On a related topic, James Hamilton looks at the story behind China's puzzling oil demand. It is also important to remember that China's statistics are dodgy at best. And for a non-China example, it seems the British Labor Party have done the impossible and created a sperm shortage. Forest has the original letter in Chinese. (8/17 11:40) ESWN has a translation of Li Datong's China Youth Daily letter.
There is second example today of the opposite: China's control mechanisms failing in the face of the market.
More than half of Shenzhen's service stations and fuel depots were forced to close yesterday as the oil-supply crunch that has plagued Guangdong for weeks worsened. The fuel crisis has also begun to spread, with Shanghai now suffering shortages. Shenzhen municipal government and fuel giants Sinopec and China Petrol yesterday shut down indefinitely 128 of the 245 service stations in the city. The move triggered panic buying by Shenzhen drivers, who have complained about shortages for more than three weeks.With petrol prices controlled there is no incentive for companies to supply the stuff at a loss, especially given ever-rising global oil prices. The problem can only get worse and will start to have a broader economic impact - people can't drive they can't get to work, make deliveries, get parts or get to markets.
A breakdown to the oil price controls is likely. The Communists have found something they can't control: market economics.posted by Simon on 08.16.05 at 10:11 AM in the
TrackBack URL for this entry:
Send a manual trackback ping to this post.
Excerpt: Lisa: You will definitely want to read this post from guest-blogger Martyn... Update from Richard: This superb post by Marytn so far has garnered no fewer than five trackbacks, including one from that law professor in Tennessee - can't think...
Weblog: The Peking Duck
Tracked: August 23, 2005 03:31 PM
Dry pumps, muscle, and market
Excerpt: I was writing up a thought-piece on the reasons for our local fuel shortage, and what it means for price controls and supply planning, but I found this fellow Martyn who'd already done it up nicely at The Peking Duck. It gives some great insight into ...
Weblog: Shenzhen Ren
Tracked: August 23, 2005 10:29 PM
I'm more intrigued at the rating of the CPC Central Committee Propaganda Department's opinion as being "worth" more than that of the central leadership. I suspect that is what Li Datong is really getting at - the way Liu Yunshan and his cronies are cracking down on the media.posted by: dylan on 08.16.05 at 12:02 PM [permalink]
'Textbook capitalism' is right! Companies should formalise this system, so that employees know where they stand in the brown-nosing stakes, and can strive to better themselves.posted by: Bromgrev on 08.16.05 at 05:19 PM [permalink]