Archive for July, 2010|Monthly archive page

Sounds Like An Interesting Book

I think the article is very informative.  The book mentioned sounds very interesting, and a lot of things it mentioned seem to hit the critical key points.


KMT Never Learns

As shown in the video, KMT plans to let corporation build hotels on current wet land in 彰化.  The plan just looks extremely ridiculous.  Even if we just consider in economic term, the natural wet land is a good spot for bird watch and recreational purpose.   Why destroy such land to build hotels?

This reminds me of what happned in Sun-Moon Lake.  Originally, Sun-Moon Lake area looks much better than the it is now.  But a bunch of hotels etc are built right beside the lake.  This totally destroy the natural sight.  Sure, there are still tourists going there, but for the older people know.  The know that it used to be better.  With its current state, it’s no longer considered a first class tourism spot.

Now KMT seems to be at it once again.  They seem to be driven mad by the desire to build hotels…What for?  When you destroy the natural beauty of the land, what’s the point of the hotels?  Why kill the chicken to get the egg?  The reasoning is quite obvious.  KMT is extremely short-sighted and never has a good strategic plan of development.  They just want to build fast, even if the results are extremely lousy.  

貓空纜車 is a prime example.  If someone thinks that only Ma is stupid enough to build 貓空纜車, then they are too naive.  The fact is, it’s not just Ma, construction without proper planning and assessment are built into the gene of KMT.

(Now I think of it…KMT’s short-sightness is actually quite common in all areas, not just in construction and land usage.  Considering ECFA and other KMT policies…they all have this type of characteristic.)

No Need to be Affraid of 鴻海 Exiting

The soup opera drama play out by Foxconn, government and those university professors are quite ridiculous IMO.  Here is my view on this matter. 

Certainly, Taiwan needs to provide a good environment for industry development, innovation and investment etc.  However, that does not include giving unfair favouritism, attention and positive imagery to Foxconn and 郭台銘 just because 郭 is one of the richest man in Taiwan.  In fact, doing so will worsen the economic environment.  Giving favor to Foxconn means suppressing Foxconn’s competitors.  For example, give Foxconn land at discount rate will make lower Foxconn’s operating cost and give pressure to its competitors, who most likely will not get the same favour because they are less well-known and smaller.  This will unavoidably destroy competitions and make Foxconn the monopoly or the dominant corporation.  This is certainly not fair to those smaller industries and is not good for Taiwan.

A good and friendly environment for industries and economic development includes fairness that create positive competition.  This is always something worth remembering.  Instead of focusing on Foxconn alone, Taiwan should focus on creating opportunities for all Taiwanese firms, especially those that just startup and those that can develop a deep root within Taiwan.

An Interesting Interview From Liberty Times

This is a very interesting interview from Liberty Times.

The analogy in the last paragraph is particularly interesting.  The problem of how to allow Taiwan to benefit more from international trade instead of the current sticky situation always linger in my mind.  I think this guy is onto something, and DPP’s strategic policy which chairwoman Tsai mentioned before seems to be in the right direction.  Now I guess the important thing is deriving correct and concrete plans from this strategy.

Another Good Warning

A very informative post from Taipei Times by Mr. Cole.

It really is a good warning.

The Devil is in The Details

As more information about ECFA come out, it becomes clearer how terrifying it is.  What people focused on before (the economic side, “early harvest” lists etc) are actually quite miniscule comparing to the core problems of ECFA.

As indicated by 大話新聞, in section 3a and 3b,  clause 11 and 13 of ECFA is a total sell out!

One clause states that anything signed afterward under the ECFA framework automatically considered part of ECFA.  This basically gives the free reign to KMT and CCP leaders over what pacts to sign without any public supervision if ECFA is passed.  The other clause setup an organization (經合會) governed jointly by KMT and CCP.  Note that this basically replace the WTO platform, and once gain, it’s KMT and CCP, not government to government.  Therefore, once again, there is no supervision to this organization, and it gives KMT leaders significant power outside and above the government.

There might even be other clauses that can cause significant disadvantages to Taiwan which we don’t even know yet.

The only hope to actually stop it is, of course, DPP winning both the legislature yuan in 2011 and presidency in 2012.  However, KMT and CCP might still find ways to manipulate Taiwan economically and politically.  All I can say is that the biggest danger ECFA causes is not the economic problems, even thought they could be significant, but political problems because ECFA simply exists outside of the system.  Here, we also once again witness KMT’s worst habits of equating the party as the government.  KMT could devastate Taiwan’s democratic system if it is not stopped in time.

One thing that really puzzles me is how fearless Ma and 江丙坤 is.  The flaws in ECFA is so obvious and alarming, they really have a lot of guts putting them in.  Especially 江 because his son is doing business in China.  Do they feel that Taiwanese won’t care?  Or are they naive?  Or maybe they think others are stupid?  I don’t really know.

Worrisome News

From Market Watch.

This is worrisome news indeed.  I am not sure what the implication is yet.  But my guts tell me this is a bad news.

Chinese government practically owns all Chinese banks.  Does this mean Chinese government’s influence in Taiwan’s financial sector in the future?  This could be very bad.