Calls for the abolition of all forms of industrial policy roxane hayward

For the industrial policy to abolish all forms of China Economic Forum 50 Zhang Weiying industrial policy is just wearing a vest of the planned economy. Of course, industrial policy is not a new thing. China is the history of mankind’s first national industrial policy, industrial policy is the longest continuous time state, the industry policy is emperor a restraining. Called for the abolition of all forms of industrial policy, industrial policy is the 1 planned economic man wearing a vest will make a lot of mistakes, one important reason is that we can improve the human ability to learn from mistakes. Chinese saying "chastened" said that this means. But in my opinion, we often eat only large, not long wisdom. Planned economy has failed in the world, this is a lesson for the cost of human life, but the spirit of the planned economy has remained, the people of the industrial policy is an example of praise. In fact, the industrial policy is just wearing a vest of the planned economy. Of course, industrial policy is not a new thing. China is the history of mankind’s first national industrial policy, industrial policy is the longest continuous time state, the industry policy is emperor a restraining. Restraining commerce policy to suppress Chinese entrepreneurship, hindered the development of market economy China. Now we want to build a market economy, no longer engage in agriculture, but in the past few decades the government continues to launch a variety of industrial policy, the industrial policy also impedes the development of entrepreneurial play and market economy. Looking back, very rare case of industrial policy success and failure examples meet the eye everywhere. For example, the implementation of the ten major industrial revitalization plan in 2009 led to a serious excess capacity, the government’s support for the photovoltaic industry makes this new industry quickly into crisis. But we did not seriously sum up the lessons. Today, many of our economists, government officials, and even some entrepreneurs are still calling on the government to develop industrial policies. The failure of industrial policy is not accidental, but inevitable. Why industrial policy is doomed to failure? There are two main reasons: the first reason is the limitation of human cognitive ability; the second one is the distortion of incentive mechanism. I would like to stress that the limits of cognitive ability are more fundamental than incentives. Let me talk about the limits of cognitive ability. 2, innovation is the industry policy support of the people of the general assumption that there is an implicit assumption that technological progress and new industries can be foreseen in advance, which can be planned. But this assumption is completely wrong. New industry comes from innovation. Industry throughout human history will find that innovation and new industries are unpredictable, we are now talking about a certain period of a certain industry play an important role in how, are all wise after the event type summary. 30 years ago, no one expected today’s emerging industries, and even 20 years ago, no one expected; similarly, we have no way to foresee today, after 20 years, what industries, which is the most important technology. Why new)相关的主题文章: