>I culled this from the Economist > >China's leaders agree that the SOEs remain technologically backward; that >the firms have insupportable obligations to look after their employees from >cradle to grave, paying for schools, hospitals, pensions and so forth; > >What could be more inefficient that paying for schools, hospitals and >pensions? The inefficiency of lowered morale of workers who know they won't be able to attend to their children, or themselves in their hour of debilitating need. ellen starbird > >------ >Michael Perelman >Economics Department >California State University >Chico, CA 95929 >[EMAIL PROTECTED] >916-898-5321 >916-898-5901 fax
