Chapter 617: Obstacles to Industrialization Asking for a monthly pass
Who is the most suitable head of the Ming Imperial Family Foundation? Naturally, he could only choose from a few professional managers that Zhu Jishi was familiar with.
"The Ming royal family consortium is first and foremost a consortium, of course profit is a must, but it is not the only goal, I hope to make this consortium become the leader of the Ming industrialization, which is its social responsibility."
Having cleared his mind, Zhu Jishi will be Skepel. William, Tang Qiwen, Rodriguez, BΓ©semer, Brother Trigo, and Engels and Robert Fernandes, who had only come to China last year to inspect the collective farms. Owen and the others were invited to Maria Fort for dinner, and after the meal, he revealed his thoughts to everyone.
The Ming royal family, including Zhu Jishi, Maria. The 10 oceanic companies controlled by Clementina and Madame Duran, a large area of land controlled by the Ming royal family, as well as the Japanese town of Yokohama, and the Ta Kung Pao Publishing Company, will all be managed by a newly formed Ming royal consortium. In addition to making profits, the goal of the consortium is to guide and promote the industrialization of the Ming Dynasty.
In addition, the schools controlled by the Ming royal family, including 4 universities, 19 academies and 1 Huangcheng Public School, will be merged to form a Ming Royal Education Group, which aims to promote the development of new education in Daming.
Although the tone has been set, Zhu Jishi has no bottom about how to achieve the goals he has set. There are no examples of a consortium leading a country to industrialize. Zhu Jishi knew that there was a saying in Chinese history that "industry saves the country", but in the end, industry could not save itself, and it became state-owned.
So what he wanted to hear most now was the opinion of Engels the Great as a professional manager and thinker, statesman, philosopher and great teacher.
"Daming is a big country with a population of 40,000. Its industrialization cannot succeed through the efforts of a single consortium. More people and capital need to be involved. β
The great god of grace is not to give in. Start with a discussion.
He said: "The biggest obstacle to the industrialization of the Ming Dynasty is that a large amount of social wealth is controlled by the bureaucratic gentry group, and their main energy is not used for management, but for reading dead books!" β
Engels, who has been studying Chinese society for two years, has hit the nail on the head! For the emperor, the selection of materials for the imperial examination is not the primary goal, the primary goal is to imprison the wise man! Let the elites of the whole society devote their energy to reading the books of sages and taking the imperial examination.
Of course. This is not to say that the teachings of Confucius and Mencius should not be studied, but that they should not be studied for a lifetime! What is reading for? Later generations of college graduates are in their twenties, and even if they are a graduate student, most of them will go to work before the age of 30. How can anyone read a book all his life?
However, before the abolition of the imperial examination system in China, there were many people who read the books of sages and sages for a lifetime. For example, Zeng Guofan's stupid father, Zeng Linshu, failed to pass the exam all his life. And Zuo Zongtang, who assisted Zhu Jishi in opposing the Qing Dynasty and restoring the Ming Dynasty, also read the sage book for half his life. Miao Peilin, who wrote "I smiled at the sky with a horizontal knife, and I will make a mistake again in this life", also studied for half his life, and only got the opportunity to show his talent at the age of 50. As for Hong Xiuquan and Feng Yunshan, the two "leaders of the peasant uprising" who broke into the name of Nuoda, they also studied hard until they were in their thirties, and they didn't even get into the show. Pessimism and disappointment only rebelled!
Later, at the end of the Qing Dynasty, there was a champion Zhang Jian who did not become an official but wanted to do business, but Zhang Jian wasted 26 years of time in the imperial examination. These are the best years of my life.
In other words, the essence of a nation is thus delayed in the Four Books and Five Classics, which are of little use except for the imperial examination. And those who are imprisoned by the imperial examination system, in addition to their intelligence and energy, of course, also have financial resources.
Doing business requires a lot of energy and time, and reading the sage book and taking the imperial examination also requires energy and time, but a person's energy and time are limited after all. However, for decades, I have spent all my studies studying, and of course I don't have the energy and time to do business.
However, most of these gentry who are bent on studying and taking the imperial examination have taken advantage of a few dollars, and they naturally have to find a business for which they do not need to use their brains to operate, but can sit on their profits. This business is to buy the landlord of the land!
Moreover, these gentry who studied and took the imperial examination theoretically had the opportunity to be officials, and many of them also had relatives and friends in the officialdom, which was not something that ordinary officials could bully. Normally, the officials had to collude with them in order to scrape oil and water from the ordinary people in the countryside. So the gentry's interest in holding the land was in turn guaranteed. These people are even more reluctant to take their capital out of the land and invest in business......
As a result, the elite and capital of a country are all imprisoned by an imperial examination!
What's worse is that studying and becoming an official has become the mainstream value of the whole society, and even businessmen who are doing business are always thinking about taking the right path of the imperial examination. Even if you have no hope in this life, you must create conditions for your son to take the exam and become an official! This is the case of Cao Wenzhi and Cao Zhenyong, the "father-son prime ministers" of the Qianlong, Jiaqing, and Daoguang dynasties, whose families were originally the number one salt merchants in Yangzhou. After making a fortune, he encouraged his sons and nephews to take the exam to become officials.
This is also the main reason why the merchants of China's feudal society would invest their money in land with a low rate of return after making a fortune. Because some of their children and grandchildren are going to study and become officials, of course, they don't have the time to take care of their business, so they have to buy some land for them to sit and collect rent.
That's why in China, there is a peculiar phenomenon of capital flowing from high-return businesses to low-return land.
"The imperial examination system has indeed reached a dead end, but it is not so easy to overhaul it.
Zhu Jishi said in a deep voice, but in his heart, he was already making up his mind about changing the imperial examination. There is no problem in taking the exam to be an official, but there must not be a situation where the essence of the entire nation is taking the test for a lifetime! Otherwise, even if industrialization can be achieved, there will not be much room for development.
Zhu Jishi said: "Industrialization should also be easy first and then difficult, and easy should promote difficulty." He glanced at everyone and said in a deep voice, "Do you have any other ideas?" β
"We can also develop the securities market and open up some new and more stable investment channels, and since the gentry elite does not have time to do business, let them invest in stocks." This time the answer was Skpel. William.
"The stock exchange itself is a very good investment, and I think HSBC can fund a Daming stock exchange."
"Is it going to issue shares?" Zhu Jishi said with some concern: "Chinese are good gamblers, and if they issue stocks, they may attract a lot of speculative funds, but it will delay the industry." β
Skpel. William shrugged his shoulders and said with a smile: "The same goes for Europeans, the tulip bubble in the Netherlands, the South China Sea crisis in the United Kingdom are all crises caused by speculation and speculation. However, it is not without methods to curb bubbles and speculation, such as the introduction of external regulation, and the discovery of large-value stocks. β
"Large denomination stocks?"
Skpel. "Stocks with large denominations can reduce the likelihood of small investors participating...... I suggest that the par value of the shares should be set at 100 silver dollars, corresponding to the book assets of 100 silver dollars, and be issued at a premium or parity. β
100 silver dollars is no longer a small amount of money, and the income of ordinary workers working in factories in big cities is only two or three silver dollars a month. Therefore, those who can take out 100 silver dollars to invest in stocks often have a few spare money, even if they can afford to lose.
Skpel. William added: "Of course, bonds can also be issued, first of all, to discover national bonds. At present, the debts owed by the Ming court have exceeded 130 million, almost all of which are borrowed from HSBC. In the future, we should consider publicly issuing bonds to raise funds from the private sector. β
"Are the conditions ripe?" Zhu Jishi asked rhetorically.
Tang Qiwen, the Chinese Taipan of HSBC, who replied, said with a smile on his face: "If you go back to the emperor, now is the right time to issue treasury bonds, because private banks and money banks are developing rapidly, and they have absorbed a large amount of funds and need stable and reliable investment channels." If the imperial court wants to issue public bonds, tens of millions of them can be eaten effortlessly. (To be continued......)