Posted on 01/31/2007 4:51:11 PM PST by kiriath_jearim
HANOI, Vietnam -- Vietnam's ruling Communist Party and the military will relinquish control of dozens of companies, ranging from hotels to telecoms, as part of an ongoing government overhaul, officials said Wednesday.
The 160-member Central Committee last week decided to transfer the companies managed by the Party and the armed forces to the state, said Dao Duy Quat, deputy director of the party's Ideological and Cultural Commission.
He said the move is part of overall government restructuring that will push Vietnam toward a market economy.
(Excerpt) Read more at newsday.com ...
How does moving businesses from Communist Party ownership to state ownership constitute moving to a market economy?
It doesn't.
We're finally winning in Nam.
It's still a communist dictatorship. The liberals think that Vietnam is a model of what Iraq can become if we pull out.
Many socialist countries have tried this. After 1989 you also saw a sort of pseudo privatization (but not really) in their economy. The idea is lure in:
1. Foreign investment.
2. Allow for increased trade.
3. Gain access to Western technology as well as management and production techniques to come in and stimulate the economy, expand military capabilities, and do all those things socialism has failed to deliver as promised.
(It’s all geared to grow their economy)
However, the real power remains in the hands of the hard liners. Example China, Russia, or many others. Vietnam is following the trend of pretend market economies within the former Communist block. The ruling elite will remain the ruling elite, and these societies are neither truly free nor do they have real democratic processes in place.
Maybe they meant a somewhat more pragmatic economy with market influences...though not what you or I would consider a true market economy.
Communist don't give up power, they just change the name.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.