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it is also important
for China to have a good social security net, one that will take care of the elderly and the needy as the family unit disperses due to external forces and also as a ballast against the impact of future inflationary cycles. |
The social security net can take many forms, as a market-active provident fund, a spectrum of cost-effective insurance coverages, post-retirement deployment etc. It could even be new ways to tap the agriculture industry that will provide activity for senior citizens. Or create new types of small industries supported by micro-financing programmes.
An important underlying point here is to avoid too much outmigration from the rural areas for that will diminish agicultural productivity while creating urban density, health and environmental problems.
China has got a lot of hidden talent. What's needed is for everyone to be alert, observant and sharp-minded and to take initiative to find out where they're and how to motivate them to do better.
Just as a simple example - China has been exporting thermos flasks. Very rudimentary in design yet i've found them the most efficient thermos flasks at the lowest possible price. Those flasks really work. Foreign makes from japan, uk and even hk cost tons more but do not fulfil the objective of a thermos flask - to keep the water hot!
So too with the water tap; red-colored, simple, swivel - cheap and very unsophisticated - yet it works and works and works, without leaking!
Of course a lot of other things made by China are at the moment not very lasting .. but give it some time; one time i noticed, a Marks & Spencer branded sweater (made in China) is price-tagged by those british at 10-15 times what they paid for when they bought from the Chinese factory which makes them. Just because of the brand name and maybe some specification on quality and cut.
There's something else i've been wanting to say.. there's an increasing trend in the western world, probably out of reaction, probably out of education, where there's now more focus on the importance of corporate governance and the importance of being good corporate citizens, so that the company is like a citizen working as much in the interest of the community as it is for its owners. This social consciousness has been growing.
What i want to say here is that when you look around the world for a country which fits this type of role most easily, i would think it could be China - she's come from a socialist background and is embarking on a human-centric course of enterprise development, with a very, very long and unbroken history of observing humanity, as well as with the advantage of being the latest to learn about success factors and mistakes made by other countries in their haste to progress.
China could therefore be most qualified to find a new definition for how the world can make new progress in many fields, but without the imperfections and shortcomings of other types of societies and capitalist systems.
A new world order based on the dignity of the human being. But i hasten to add, it will-take-some-time.