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It’s quite unlikely for the state enterprises to prove profitable, because political motivations will supersede profits when handling managerial decisions.
by injeolmi_love 3y ago
It’s quite unlikely for the state enterprises to prove profitable, because political motivations will supersede profits when handling managerial decisions.
- hunglee2 3y agothat's true, but you can expose SOE's to national free market, then global free market to weed out those who fail. State intervention needs to be seen as a temporary step to (re)build an industry, once it is strong enough, you can set it free.