Points 3 and 4 are not essay about market regulation. They are just the other functions of government.
The essay about market regulation is the following: Chart 2: free flow of labour force website:<http://www.geocities.com/WallStreet/Exchange/3058/marketaa.html>
This is the self-regulation effect of F, D and P, or so-called Market regulation effect. In this way, it is quite easy for the government to make regulation and give guidance of market. When there appears insufficient supply of grain and starvation, what the government should do is to guide labour force and funds to grain production so as to acquire more grain; when there appears surplus of grain, what the government should do is to guide labour force and funds to industrial production so as to acquire more industrial products. And my four-grade division of demand and consumption thus makes the function of government's market regulation and market guidance further clear: when there appears insufficient production of necessary consumer goods of the first grade, the government is to guide labour force and funds to the production of necessary consumer goods of the first grade; when there appears overproduction of necessary consumer goods of the first grade, the government is to guide labour force and funds to the production of ordinary consumer goods of the second grade; and when there appears overproduction of ordinary consumer goods of the second grade, the government is to guide labour force and funds to the production of extravagant consumer goods of the third grade.
Please give me your comment on the above market regulation. Do you think if there is another ideas of market regulation?
Sincerely, Ju-chang He
Tom Lehman wrote:
> Dear Ju-chang He,
> Attaboy!(American idiom for good job). Always remember the old American saying,
> " one, Oh!Shit!, wipes out one thousand attaboys!"
> On your first essay about market regulation, points 3 and 4 are non-productive
> spending and should be limited to necessity, maybe 1% of GDP. On point 5 what
> little I know of China---you need expressways like you need another hole in the
> head. Take a look at electric light rail systems for interurban transportation
> and commuting to work. Cars are fun; Americans would probably use them a lot
> less if we had not scrapped our electric light rail systems in this country.
> That's an American story you should look into.
> Thomas Lehman
-- Ju-chang He SHENZHEN, P.R. CHINA E-mail address: <chang at public.shenzhen.cngb.com> Welcome to visit My Home Page at <http://www.geocities.com/WallStreet/Exchange/3058/>