
“North Korea’s new leadership is apparently pushing for reforms in a bid to revive its crumbling state-directed economy, analysts and a South Korean official said Friday. The regime has held public lectures about the new system, which centred on easing tight controls over output and letting each production unit become self-supporting. Factories or companies would be given greater autonomy in management and set prices of products by themselves.” [Hey Americans: if North Korea can do it, maybe we can deregulate lemonade stands and milk too?]
http://www.rawstory.com/rs/2012/08/10/analysts-north-korea-seeking-economic-reforms/
Related posts:
China’s manufacturing slumps in August
Extra! Extra! New daily papers arrive as Myanmar lifts press monopoly
Protected plates give growing number of officials the green-light to avoid fines
China Bitcoin Exchange Restores Deposit Facility
Bond mutual funds post $34 billion outflow in December
Woman bypasses airport security on her third try in the same day
Airport security accidentally fires flight attendant’s gun at Philadelphia airport
FDA rewrites opioid narcotic labels to limit use for pain
After Bold Step on Syria, French Leader Finds Himself Dismissed as Lackey
Silicon Valley Roused by Secession Call
Airport security scrutinized after boy flies to Maui in plane's wheel well
Cyprus Central Bank Governor resigns with $250K golden parachute
Hollande begs UK Labour Party to back bombing ISIS in Syria
12 Days of Bitcoin: How Hard Is it to Buy One?
5 Obamacare Scams and How to Avoid Them