The Integration of High-Tech Production and Optimization of Public Ownership: An Alternative Approach to Nuclear Accidents

Chengxun Yang, Chengyu Yang

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Abstract

Nuclear utilization and nuclear leaks reveal the merits and demerits of different types
of enterprise ownership. The Fukushima accident is typical of the fatal defects of private capital,
while the Chernobyl accident demonstrates the disaster a state-owned enterprise can cause.
By contrast, an optimized public sector in China can combine full utilization of nuclear power
with accident prevention. In an era in which high technologies are increasingly applied, private
capital is becoming less dependable. On the other hand, state-owned enterprises must engage in
competitive elimination through reform. This is determined by the checks and balances mechanism
in the development of science and technology and especially by the laws of socialization.
Evaluation of the merits and demerits of private and public ownership should be conducted from a
comprehensive, historical and evolutionary perspective and through specific analysis of categorical
comparisons. We should understand the trends (laws) of the interconnection and interaction of
the large-scale application of advanced technology and optimized public ownership. In a new
historical period, interconnections between rapid scientific and technological advancement and
the socialist system are being created and reinforced.
Original languageEnglish
Pages (from-to)391-405
Number of pages15
JournalWorld Review of Political Economy
Volume2
Issue number2
Publication statusPublished - 2011

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Keywords

  • nuclear accident
  • private capital
  • superior state enterprises
  • laws of socialization

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