主题：【读《易经》心得】临卦：管理技术要点 -- wqnsihs

if they all fled China and did not respect emperor's order/rule, what's the point of this kind of reform FROM THE EMPEROR'S PERSPECTIVE?

In the end, all lands are emperor's land/all wealth is emperor's wealth/ ALL CHINESE ARE CHINA EMPEROR'S SLAVES--WHERE IS THE INCENTIVE for average Chinese to take risk and adventure into colonial expansion or global trading? THERE IS NO FUNDAMENTAL PROTECTION OF PRIVATE PROPERTY.

What capital worries most is NOT higher return, but UNCERTAINTY (RISK OF appropriation). Even in today's China, the risk of appropriation is still much higher than in all anglo nations.

资本成为明朝制造业和商业的起步资本？如果如此，现在这个世界上就没英国人，美国人什么事情了。hehe, where is China's magna carte? Do not forget the Anglo king promised the protection of private property right as early as the 13th century.

It is not by just luck that the Anglos ruled today's world. Other Europeans are no match on that. Frenchmen are just Chinese in Europe--King was often above the laws established by himself or the Congress. Germans were too late to the global expansion game.

Not only the Anglo king, but also the political elites know where to limit their own share in the wealth distribution. Such limitation is further strengthened by the legal precedent, as well as tax code.

宏观经济的运营原理不了解--knowledge does not matter, the correct incentive system is the key. Agent theory was formalized after 1976, but agency practice dated back to the 11th century, when Europeans started the first crusade.