Personification of Capital: From the Lang Xianping Incident to New Breakthroughs in State-Owned Enterprise Reform

Author: Wu Hui
Publisher:
Publish Date: 2005-05-01
Features: Why are fish in the deep sea blind? Because there is no light in the deep sea, the neural connections between the fish's eyes and brain cannot develop due to the lack of a "stimulus-feedback-self-catalysis" mechanism driven by light. Why is it particularly difficult for Chinese people to learn English? Because there is a lack of corresponding language exchange environments, and the limited one-way input in class is insufficient to fully develop the brain's language centers through the "stimulus-feedback-self-catalysis" cycle. Why are state-owned enterprises inefficient? Because their managers lack complete ownership of assets, unable to autonomously "experiment" or "search" for profitable methods, nor can they naturally gain rewards and catalyze correct business behaviors. The "stimulus-feedback-self-catalysis" self-organizing mechanism is disrupted, leading to fundamental inefficiency in state-owned enterprises. This book provides a fresh explanation of the intrinsic mechanism of resource allocation in free-market systems from the perspective of the second law of thermodynamics, using the self-organization theory of economic systems, and proposes actionable reform recommendations for "mechanism-based barriers to productivity development."