State Owned Enterprises Quotes & Sayings

I believe that eventually, one of the next big issues that will have to be addressed globally is the role of state-owned enterprises. Because there is a disadvantage that's built in. — Hillary Clinton

China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves. — Zhang Xin

Pilfering was common in Communist China's state-owned enterprises, as the Party secretaries were slack in guarding properties that belonged to the government and poorly paid workers felt it fair compensation for their low pay. The practice was so widespread that it was an open secret. The workers joked about it and called it "Communism," which in Chinese translation means "sharing property." Pg. 390 — Nien Cheng

But it is a worry that there have been so many delays in the reform of China's state-owned enterprises. We all know that private companies are run more efficiently than state ones. These reforms are very much anticipated for the potential dynamism they could create. — Zhang Xin

All the alleged key causes of SOE [State-Owned Enterprise] inefficiency the principal-agent problem, the free-rider problem and the soft budget constraint are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership it is between concentrated and dispersed ownerships. — Ha-Joon Chang

Competition is often conflated with capitalism, but they are not at all the same. Capitalism involves private ownership of the means of production and distribution, but the word implies nothing about the way in which privately owned firms do business. Capitalism is perfectly compatible with a society in which a powerful state doles out favors to private monopolies, protects some enterprises from others, or even sets the prices privately owned firms may charge for their products. Indeed, while capitalists tend to praise the virtues of competition, many of them would just as soon avoid it. — Marc Levinson

Never mind Communist solidarity, China and the Soviet Union wanted to do business with the likes of Hyundai and Samsung, not with state-owned enterprises in the North that didn't pay their bills on time. — Barbara Demick