The Primacy of Property in a Liberal Constitutional Order
Lessons for China
By James A. Dorn
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.
|Other Independent Review articles by James A. Dorn|
|Winter 2004/05||Red Capitalists in China: The Party, Private Entrepreneurs, and Prospects for Political Change|