The Way of the Universe is Simple—Economics for EMBA

Author: Chen Huai
Publisher:
Publish Date: 2004-01-01
Features: Chen Huai's point is that Deng Xiaoping said, "Poverty is not socialism, and socialism can also have a market economy." I think Deng Xiaoping is truly a great economist. He used two simple and straightforward, easy-to-understand sentences to summarize a very sharp and profound issue that people had debated for over a hundred years. We should follow this line of thinking to explore socialist economics. Of course, our answers are not yet complete, but this line of thinking cannot change. What is this line of thinking? First, the people should live a good life, and second, a market economy. The emergence of "management shares" means that the interests of the owners of management factors no longer manifest as wages but as profits. Monopoly is the enemy of the market economy, a form of corruption, and a form of market violence. Monopoly leads to technological stagnation and institutional corruption. Monopoly has no "good" or "bad" distinction. "Comprehensive Well-being" is a proposal with extremely high political wisdom. This goal first firmly answers the objections from the "left" and firmly denies the trend of "preferring socialist grass over capitalist shoots." This goal also firmly closes off the political tendencies of the right. What we want is "comprehensive well-being," absolutely not a society of polarization, absolutely not a society where a small portion of the population holds most of the wealth while the majority has nothing. Chen Huai self-describes, "I am a trained Marxist economist, a graduate of a political economy major. I studied industrial economics for my postgraduate studies. I spent a solid 10 years on my undergraduate, master's, and doctoral studies, with no watered-down content. At the same time, I am not unfamiliar with foreign economics. I have studied in the United States and Japan and have a certain understanding of both. Whether it's Western or Eastern, I have a certain grasp of the corresponding theories. In our country's past development practices, I worked at the Development Research Center of the State Council, and I have some understanding and experience of the situation of our country's practice and development."