Solomon2
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- Dec 12, 2008
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I think you're worrying too much. As long as localities do not protect their markets from competition, a natural process of consolidation should take hold in the natural capitalist survival-of-the-fittest fashion.Also local protectionism has to stop. There are too many flowers blooming in China. Every city wants its own auto industry. Every town want its own semiconductor industry. No country other than China has more than 100 car makers and more than 500 fabless semiconductor design houses scattered across the country.
South Korea started out with its "strong brands", the chaebol, and THEN developed. It is too late for China to take that approach. Natural consolidation will serve China better - as long as monopolies or trusts are avoided.I don't want China to go down the road of Taiwan, having tons of medium and small companies that's unable to build strong brands like the South Koreans did.
Cheer up, China is only thirty years into its capitalistic development! Just about the same stage the U.S. was in in 1900, only thirty years after the 14th Amendment put corporate capitalism on a sturdy legal ground.
(But seek to de-power trusts and monopolies, and the crooked politicians who favor them, unless you want another revolution!)