The key to a successful future for China is the adoption of a constitution that protects persons and property against arbitrary government power and lays a framework for freedom under the rule of law. Just as Adam Smith articulated the principles of liberalism in the West, so the wisdom of Lao Tzu can play a similar role in Chinas transition from market socialism to market Taoism.
The Primacy of Property in a Liberal Constitutional Order
Lessons for China
By James A. Dorn
This
article
appeared in
the Spring 2003 issue of The Independent Review.
Other Independent Review articles by James A. Dorn | |
Winter 2004/05 | Red Capitalists in China: The Party, Private Entrepreneurs, and Prospects for Political Change |