Returning SOEs Back to People
Monday, July 20, 2020
The recent tug-of-war of political interests in the appointments of commissioners of state-owned enterprises (SOEs) can only be ended if the paradigm of managing state companies is fundamentally changed.
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WITHOUT this, the battles for positions in SOEs will remain and the performance of the companies that provide livelihoods for the public will continue to worsen.
So far, the way SOEs has been managed has benefited the political elite in power at the time. Using the excuse of preserving the national interest or implementing development programs, state-owned companies have often been forced to ignore business calculations and suffer losses. I
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