Ruminated on by Nick
The NY Times today ran a story that documents one of the larger shifts in Chinese economic policy in recent memory: http://www.nytimes.com/2008/10/13/world/asia/13china.html
Bringing this number of peasant farmers into the land banking system strikes me as a profound, forward-thinking move. Knowing little about Chinese policies, it does strike me that folks should have some ability to have direct ownership of essential assets–mostly free from government interest–but that the government should have some oversight. Though not a full, free-market reform like we enjoy in the States, I think this may be a positive first step in the process of decoupling economic from political freedoms that was first initiated in Tianeman Square.
Tags: Entrepreneurship