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There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic attitude in the spirit of the famous remark by China’s former leader Deng Xiao-ping: ‘it does not matter whether the cat is white or black as long as it catches mice.’
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Ch. 5, Black cat, white cat, p. 108

 

Ha-Joon Chang

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It doesn't matter whether the cat is black or white, as long as it catches mice.

 

Deng Xiaoping

 

Afrikaners: The time for white supremacism is gone. You cannot hope to survive while you are so intrinsically entwined with black labour. You used them for everything, even to murdering you and then digging your grave. You cannot survive while every single thing you do, every enterprise, every interaction, every aspect of your lives, is determined by your reliance on black labour. Because, whether you like it or not, black people also have rights, and they have claimed them. You cannot think that you have a right to rule over black people — you do not.

 

Arthur Kemp

 

All the alleged key causes of SOE [State-Owned Enterprise] inefficiency—the principal-agent problem, the free-rider problem and the soft budget constraint—are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership—it is between concentrated and dispersed ownerships.

 

Ha-Joon Chang

 

I have just returned from a visit to Germany. ... I have now seen the famous German leader and also something of the great change he has effected. Whatever one may think of his methods — and they are certainly not those of a Parliamentary country — there can be no doubt that he has achieved a marvellous transformation in the spirit of the people, in their attitude towards each other, and in their social and economic outlook.
One man has accomplished this miracle. He is a born leader of men. A magnetic dynamic personality with a single-minded purpose, a resolute will, and a dauntless heart. He is the national Leader. He is also securing them against that constant dread of starvation which is one of the most poignant memories of the last years of the war and the first years of the Peace. The establishment of a German hegemony in Europe which was the aim and dream of the old prewar militarism, is not even on the horizon of Nazism.

 

David Lloyd George

 

Kierkegaard is one of the great writers of today. He is one of the men who, during the last twenty or thirty years, modern civilization has recognized as a man whose writings express the modern temperament and the modern personality. And Dick assured me that he was reading Kierkegaard because everything he read in Kierkegaard he had known before. What he was telling me was that he was a black man in the United States and that gave him an insight into what today is the universal opinion and attitude of the modern personality. I believe that is a matter that is not only black studies, but is white studies too. I believe that that is some form of study which is open to any university: Federal City College, Harvard, etc. It is not an ethnic matter. I knew Wright well enough to know that he meant it. I didn’t ask him much because I thought he meant me to understand something. And I understood it. I didn’t have to ask him about that. What there was in Dick’s life, what there was in the experience of a black man in the United States in the 1930s that made him understand everything that Kierkegaard had written before he had read it and the things that made Kierkegaard the famous writer that he is today? That is something that I believe has to be studied.

 

Richard Wright