Running head : THE ROAD AHEAD FOR CAPITALISMThe thoroughfare in front for Capitalism in China : A utile PerspectiveName of StudentName of College /UniversityName of ProfessorCourseThe Road Ahead for Capitalism in China : A Utilitarian PerspectiveThe article discussed the obstacles that China must overcome to construct a stable market economy . Wu expressed that China must take bold steps to create a practicable environment for non-state businesses to flourish and adapt to the changing times (Wu , 2006According to Wu , the inelegant must be prepared to re-structure its entire economic outline by incorporating modern approaches to its market policies and abandoning paths leading to crony capitalism (Wu , 2006Wu also emphasized the role of the government to responsibly dispense its power over socio-political issues , taking into account the blueprint of legality .
It is important for the government to encourage a healthy and upright competition in the market system as that volition be the key in moving forward in the postmodern era (Wu , 2006Wu s poignant assertions about changing the word form of China s market economy echoes the sentiments of Jeremy Bentham and John Stuart Mill regarding their views on utilitarianism as Wu uses liberal concepts and the importance of collective responsibility for the eudaemonia of the majority . Wu s views about equitable economic policies and the deference to the rule of law reinforces the utilitarian notion that promotes the happiness of the common ingenuous through the application of just means by those in power . This perception focuses...If you want to get a exuberant essay, order it on our website:
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