2 ms·
The interesting thing for me here is a problem with all censorship: Those doing the censoring need to understand the issue to work effectively. So the censorshi
by lolc 8y ago
The interesting thing for me here is a problem with all censorship: Those doing the censoring need to understand the issue to work effectively. So the censorship bulletins need to provide enough information that they become a source of truth. It gives investors an incentive to read them, because they are a factor in where the market moves.
- 07d046 8y agoI think it's partly censorship, and partly the secrecy around the creation of economic (and other) data. When people are incentivised to report inaccurate data and have the ability to do so, they will. This is an old problem. Emperor Kangxi developed a secret palace memorial system in the seventeenth century to learn from trusted eunuchs if the grain prices his senior officials were reporting were accurate, and if his son was a monster, and things like that.