I believe that eventually, one of the next big issues that will have to be addressed globally is the role of state-owned enterprises. Because there is a disadvantage that's built in.
Sentiment: NEGATIVE
Privatization of the state-owned economy is not yet on the agenda. We cannot do it immediately; my colleagues would not agree to it. But we must put all forms of ownership on an equal footing immediately and let different types of ownership compete with the state firms.
I see a future where states compete with one another to see which can be the most efficient, and where businesses seek out efficient states in which to locate so they can reap the economic and environmental benefits for their businesses and employees.
I understand fully that jobs are created by the private sector, having been all my life in the private sector, but I don't buy the argument that the state has no role to play.
I think that most manufacturing and mining should be under the purview of state authorities.
With the globalization, it's difficult for governments to impose decisions on private companies.
We need open, competitive, market economies... but at the same time with effective regulation and supervision.
A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.
Corporations are like countries now, there's a king, there are serfs, there's a court, basically everything but moats. They're feudal societies, and there are good ones and bad ones.
No enterprise, small or large, public or private, can remain self-governing, let alone successful, so deeply in hock to others as we are about to be.
I am a proponent of investing in infrastructure... and, if we can use state resources to make ProvPort more prosperous and successful, then that will benefit the whole state.
No opposing quotes found.