The concern of Power dynamic

I had a delightful dinner with some entrepreneurs in China, discussing lots of subjects, while drinking fragrant Chinese rice wine. According to the discussions, It is challenging to become an entrepreneur in China. China is not a free market regime; and there is a heavy color of political economic which means the gov’s power has been overwhelmingly intervened on private corporations. Albeit there are state owned corporations, there are useless on account of bureaucracy. The workers are not concern on the quality of the works instead they would invest their labors on relationships.

We are all emotional animal; and yes it is important to forge good relationships with others creating a good community. However, if this culture is painted in the community too heavily, this will hinder the corporation goal that would serve the market. State owned enterprises, can become useless.

There are other issues, are very concerning in the status quo in turn of Chinese economic. The judiciary system is not as mature as comparing to the US and the UK. Even though Trump has promoted protectionism, cursing the neoliberal agenda. The US is still recognized as the leader of free market leader, the constitution is maintained the structure of the system for the fairness. However, the system is favor the affluent community because they have money to purchase the best service from the best lawyers to protect their interests.

Unlike China, power is greater than money. As long as the private corporations have more capital being able to influence the public sector, the gov would become alert with the corporate development ; Gov will gradually increase policing on the sector. Then, the private corporations need to ally with the influential individual who has power in order to continue the development. This is existing uncertainty for private corporations; they need to concern more than just economic climate; also need to concern political climate.

I will need to investigate more.