My [Dan Ikenson's] bet is that China’s re-embrace of greater central planning will be brief, as it wastes resources, yields few if any national champions, and limits innovation. For similar reasons, U.S. opinion leaders will eschew central planning, as well.
After massive privatization, the tides are receding. The state-owned companies now claim themselves "eldest-son".
The mega-projects like World Expo, the hi-speed rails, and etc, can easily won China some champions, but can we ignore the "unavoidable" problems such as extensive waste? The long-term effects of such mega-projects are positive or negative?
