China's future: market socialism or market Taoism?

Article Abstract:

China should totally give up government control of industries to achieve economic progress. The socialist market system, wherein majority of businesses are owned and subsidized by the state encourages inefficiency, dependence and political corruption. It is also the perennial cause of large budget deficits. The country's reluctance to adopt a Western economic model need not hamper them from pursuing the goal of privatization and total market freedom. Their own ancient philosophies advocate economic non-interference to rulers.

China, Economic policy, Privatization, Privatization (Business), Industry regulations, Government business enterprises, Public enterprises, Government regulation of business, Trade regulation

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From plan to market: the post-Soviet challenge

Article Abstract:

The collapse of Soviet communism has triggered the move toward economic liberalization among the new parliaments of the Commonwealth of Independent States. However, efforts at privatization have been blocked by the communist nomenklatura which still wields considerable power. The persistent anti-capitalist mentality among the people and the government's inconsistency and lack of credibility restrain reform efforts. A psychological revolution that dispels the myth of socialism will be the key to real economic reform.

History, Soviet Union, Perestroika

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Insulating economics from politics: toward a constitution of liberty

Article Abstract:

Economic life can be separated from political life by a constitution of liberty which provides for private rights and rule of law. Politicization of economy results from the state wilfully taking property for redistribution and leads to the socialization of risks. The transition from socialism to market liberalism, therefore, needs the institution of a constitution of liberty that shall set the structure upon which a market system shall be based.

Social economics, Socioeconomics

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