Sunday, December 01, 2013

A Ford-style Market Economy: China's Price-Controlled Market Economy


This is an official document of Nanjing the capital of Jiangsu Province. Its title is: "The Notice of Nanjing Municipal Government's Announcement of Price Control Target on Newly-built Housing in Year 2013".

Can a price-controlled economy be called Market Economy? Yeah, it can, because this is China, a place where government thinks it can invent new economics laws. This is not a joke, it is a real governmental official document, No. 86 of Nanjing in Year 2013.

So this is a Ford-style fun: In Ford's store, You can have any color as long as it's black. And here in China, you can have any market economy as long as it's price-controlled.

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