Posted by VWWong > 2019-02-21 07:02 | Report Abuse
Agree with DickyMe. GLCs or GSEs has always been a problem for most developing country and Japan as well. The moment government connected companies are doing business, it destroys all the innovation in that country. That is why Japan until today, hasn't come out with any big innovation that can spearhead the country's growth. Unlike USA, where government involving in business is abhor.
Posted by enigmatic [Breaker of Speculative Investing] > 2019-08-09 01:29 | Report Abuse
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DickyMe
14,694 posts
Posted by DickyMe > 2019-02-11 10:24 | Report Abuse
For economy to prosper, private sectors participation is utmost important. When the government is involved in business, healthy competition is absent because government regulates, hence protects it's interest. In such a lopsided environment, these companies will not perform to the optimum and consumers interest is beyond their care.
This is evident in shoddy customer service, expensive and ever increasing price, bloated, redundant workforce, egotistical, uncreative management and lack of vision. The country brought mediocrity unto itself. Healthy businesses will stay away because they are defeated by unhealthy regulations and demand.