Beyond Highbrow - Robert Lindsay

Steve writes:

Yeah you are probably right about the profit motive. Just look at what happened to China’s economy after the capitalist reforms and when they started to allow and encourage entrepreneurship. Businesses, factories, popping up everywhere, making everything, started and run by home grown entrepreneurs.

I just wonder if people would have the same level of motivation to start cooperative businesses, because they wouldn’t get as rich.

What you don’t understand about China is that those factories and businesses are mostly collective enterprises. They are run by labor collectives and small municipalities, but they all compete with each other.

A city with successful enterprises attracts a lot of workers who want to come live there. The city provides many things for the workers that come live there. The cities that do better can give a lot more stuff to the workers.

All such plants are officially owned by the…

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One Response to “”

  1. Some bloke. (@StevieMac26) Says:

    ‘China Today: Socialist or Capitalist?’ Journal of socialist renewal.

    http://links.org.au/node/1355

    Like

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