Zhang Weiying was Banned for Criticizing the
Planned Economy after Award
Peking University Economics Professor Zhang Weiying, was
recently awarded, the “most influential economist of the year"
by the media.
In his acceptance speech he said economists must have an
independent spirit, which can really have a social impact.
He also said that a “planned economy" has resulted in a
great disaster for human history.
This speech has been forced-out by the
Chinese Communist Party’s CCPs propaganda department.
His Weibo account has also disappeared.
On the 16th December, the 2014 economists Annual Meeting
from NetEase was held in Beijing.
Former Chairman Alan Greenspan, Nobel laureate Thomas
Sargent, economist Mao Yushi, Zhang Weiying from China, and
entrepreneur Zong Qinghou, Liu Yonghao in total, 60 people
exchanged idea regarding China’s situation after the Third Plenary
Session of the eighth CPC Centre committee.
On the same day, Peking University Economics Professor
Zhang Weiying was awarded the most influential economist
of the year.
Zhang Weiying’s acceptance speech, “economists need real
independent spirit" is currently banned by the authorities.
18, Zhang Weiying reiterated during a New Tang Dynasty TV,
(NTD TV) interview that economists should have their own
views to influence society, but it is especially hard to
insist upon the independent spirit in China.
Peking University Economics professor Zhang Weiying:
there is a variety of temptations in reality
including some political problems.
So I specially stressed that it is not easy to insist
upon having an independent spirit in China.
I think the biggest reason that people can’t express
themselves freely is because of repressed opinion and speech.
In Zhang Weiying’s acceptance speech, he said that a third of
the population in the world is running under a planned economy
system for the long term.
It was once thought that a planned economy can bring the
greatest benefit for people; but it is quite a wrong idea as
we know now.
Zhang Weiying: It is because the planned economy itself
deprives of human freedom.
It does not respect human rights, including property rights and
strangles people’s creativity.
In fact, our human development and life improvement
all rely on creativity.
The planned economy killed off people’s creativity,
people’s initiative and motivation.
So it is unlikely to benefit human beings.
In China, the planned economy has been monopolized
for the long-term.
Zhang Weiying pointed out that the initial planned economy
was born out of a wrong idea that people pursued equality and
believed that planned economy could solve inequality.
But in fact, there is more inequality between people,
because of a planned economy.
Zhang Weiying: Such inequality is not result of a free trading
market, but of privilege and a monopoly on power.
Later, once an erroneous idea becomes a system, it will
generate some vested interests.
So those vested interests will try to maintain such
a system rigorously.
Zhang Weiying said under a planned economy, people are living
below the poverty line and even in great misery.
Zhang Weiying: the Great Leap Forward and the Cultural
Revolution in China resulted in thousands of people,
losing their lives.
For sure, it is a very big disaster in human history.
The same as in the Soviet Union, people lived in a subdued
atmosphere with food and supplies in high shortage
and nothing was free.
It’s a big disaster for humans comparing it to the free world.
Zhang Weiying noted that there is an inextricable connection
between a planned economy and dictatorship because
implementing a planned economy must deprive personal freedom.
Weiying: It’s impossible to direct an individual by government
without depriving his liberty.
People always want to make their own choices freely.
If one is free to express, seek employment, open a factory or
enterprises, the planned economy will not exist.
In the 1980s, Zhang Weiying was working at the Institute of
China Economic System Reforms which belongs to the state
commission for structural reforms.
In 1994, he was the Peking University Associate Professor
of the China Economic Research Center,
in 1997 he was promoted to professor.
In 1999, Zhang Weiying was at the Peking University
Guanghua Management School as vice president and was
promoted to president in 2006 and stepped down in 2010.
Interview & Edit/Qin Xue Post-Production/Chen Jianming