Change of government role is key to reform

What she said in her book reminds me of the criticism many have imposed on the Chinese government for its involvement in the market. Some firmly believe that a government should never participate in business and the invisible hands of market forces should be given free rein.

However, every government plays a role in the market in one way or another. It is unfair to point the finger at the Chinese government for all the problems that have arisen along with the country's rapid economic development. And it is naive to think that all the problems will disappear on their own when the government relaxes the control it exerts over the economy.

The financial crisis that broke out on the Wall Street in 2008 shows how the intrinsic malice of capitalism and laissez-faire can become a monster that knows no limit in its pursuit of the maximum interest.