SEOUL, South Korea — While North Korea draws world attention with spectacular and seemingly bizarre actions like the hacking of Sony’s computers or outbursts of bellicose rhetoric, Pyongyang has quietly initiated a round of reforms aimed at liberalizing the economy. ~~~SNIP~~~
The “May 30 Measures,” as they’ve come to be known, envision the significant reduction of state control of the economy and a dismantling of central planning. Managers of state enterprises will be allowed to purchase items on a free market, making deals with other enterprises or even private businesses. They will be given the right to fire and hire workers, and pay them as much as they want.
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Poster Comment:
The "May 30 Measures" sound like a clone of the GOP's "Right to Work" laws that undermine the wages & benefits of organized labor.
