One of the Last Bastions of the Command Economy System
. . . is not just the tobacco industry in China. From an NPR story today: “The industry in China is run by the Tobacco Monopoly Administration, a central government administrative body created in the 1980s, also known as China Tobacco Corp.,” says Stanford University’s Matthew Kohrman, who has researched smoking in China for the past eight years. “This is one of the last bastions of the command economy system.” It is also the liquor industry in some American states. There are nine states in “capitalistic” America where it is the state government that owns and operates the liquor stores. In other states, the … Continue reading One of the Last Bastions of the Command Economy System
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