State-Owned Enterprises Quotes

There's a very good reason that governments aren't supposed to compete with private-enterprise companies. Governments have monopolies on certain things, like eminent domain and deadly force.

The only place you have real monopolies is where government provides them.

I have publicly talked about Mexico's need to open ourselves up to the participation of the private sector in the energy sector, however this doesn't mean privatizing state-run companies.

In China, the government is involved in business in many different ways. They're involved in media and business. When you go to China, you have to rethink how you're doing everything. You have to become Chinese.

We need to rid our State Owned Enterprises of corruption because the money being siphoned out should be funding them.

China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.

When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly what's been happening with drugs?

China's economic transformation began with the introduction in the 1980s of market incentives in the agricultural sector. These reforms were followed by a gradual opening to the global economy, a process that accelerated in the early 1990s.

If the Government gets into business on any large scale, we soon find that the beneficiaries attempt to play a large part in the control. While in theory it is to serve the public, in practice it will be very largely serving private interests. It comes to be regarded as a species of government favor and those who are the most adroit get the larger part of it.

It is government policy to phase out subsidies to nationalised industries. In line with this, the government hopes that the coal industry will be able to operate without the need for assistance apart from social grants.

I do not like government-sponsored enterprises.

It makes no sense to spend precious resources on propping up loss-making, state-owned enterprises when they could be used to get more children into school or provide more midwives to reduce the number of mothers dying in childbirth.

Today, the Indian government is trying to present privatization as the alternative to the state, to public enterprise. But privatization is only a further evolution of the centralized state, where the state says that they have the right to give the entire power production in Maharashtra to Enron.

Chinese don't really believe in markets. They like stability, they like control.

There is no need for the Russian state to hold such large stakes and we do intend to put our plans into practice. It is not about whether we want it or not, it is about this being practical or not and the best timing. In general, it is practical from at least one point of view - from the point of view of structural changes in the economy.

In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.

The parastatals are an important driver of the process of Black Economic Empowerment and they have been doing it, and will continue to do it.

It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus on stabilization, liberalization, privatization.

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.

70 to 80 percent of country economy is controlled by the Bolivian state, and the other percentage by the private sector. We admit that it's legal, constitutional, that the private sector is entitled to its own economy, but to ensure these profound changes that clearly this government is promoting, including profound changes in the food industry, what we are doing is an important step.

Issues to do with corruption, issues of how we can straighten out our state-owned enterprises, and how we deal with 'state capture' are issues that are on our radar screen.

Privatisation is presented as being the only alternative to an inefficient, corrupt state. In fact, it is not a choice at all... it is a mutually profitable business contract between the private company (preferably foreign) and the ruling elite of the Third World

However, given the fact that the State has a controlling stake in the company [Rosneft], it might not be the best course of action when one company under State control buys another one fully owned by the State. This is one point.

We are very supportive of the economic reforms that the Chinese government have talked about.

I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.