a Private Army

Harry S. Hawk (harry@piermont.com)
Sat, 25 Jul 1998 06:49:25 -0400 (EDT)

Background:

"A senior general Thursday threw his weight behind a bold drive to orce China's army out of business, telling his officers they have no choice but to go along.

The order for the military to shut down its vast commercial empire was issued earlier this week by President Jiang Zemin as part of a widening government campaign against smuggling.

The order to close down military commerce was a bold stroke for Jiang, given his lack of a military background, the political clout of the army and the breadth of its business interests
-- ranging from karaoke halls to cellular phone networks -- that have
earned it the nickname PLA Inc." [CNN]

Forgetting the harm done by statists in China, for the moment. It's interesting to note that China's army is openly making money. Rather than forcing them to sell the enterprises they should take the ARMY public with an IPO.

/hawk

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Harry S. Hawk		Piermont Information Systems Inc.
harry@piermont.com	917 407 4430