Transcending the Logic of Private Ownership

Wang Xiaoqiang

Chinese Economy, 1989, vol. 23, issue 1, 43-56

Abstract: There have always been two lines of thought on the interpretation of the "separation between the two powers." To put it simply, one argues for strengthening the control of the owners, and the other argues for weakening the same, but for letting the entrepreneurs become the main leading force. This author agrees with the latter viewpoint. What is interesting and meaningful is that although these two interpretations go directly opposite ways in terms of logic, they nonetheless pursue highly unanimous goals in terms of the practice of the reform; that is, they both seek to establish the autonomy of the enterprises themselves, free, or at least relatively free, of the government's administrative interference. Therefore, the difference between the two ideas is obvious and yet also subtle.

Date: 1989
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