Branko, remember how we all welcome Bhagwati's (and some others) writings on DUPs, rent-seeking, and possible gains from DUPs arising as a corrective of the disastrous policymaking of bureaucrats (party?). I think it is difficult to see how "rent-seeking" activity - even if done on behalf of a self-managed enterprise to correct for a wrong policy- could be beneficial in a long run? Shouldn't one fix a distortion that invites rent-seeking behavior?
Branko, remember how we all welcome Bhagwati's (and some others) writings on DUPs, rent-seeking, and possible gains from DUPs arising as a corrective of the disastrous policymaking of bureaucrats (party?). I think it is difficult to see how "rent-seeking" activity - even if done on behalf of a self-managed enterprise to correct for a wrong policy- could be beneficial in a long run? Shouldn't one fix a distortion that invites rent-seeking behavior?
Great read !
I think it was Chengdu's american consulate that the police chief fled to, same one china closed down last year.
Yes, you are right. Funny that I corrected Ang, but then I was in my turn wrong!