The CoStone Reader Recommends Vol. 19



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The Open Society and Its Enemies

By Karl Popper

    One of the most important books of the twentieth century, The Open Society and Its Enemies is an uncompromising defense of liberal democracy and a powerful attack on the intellectual origins of totalitarianism. It becomes more important in today’s China. As China is getting more open, people doubt the universal worship of power and resist monopoly. They refuse to defense those who deprive them of freedom and democracy. Chinese people need democratic enlightenment and should embrace diversified institutions.



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The Second Sex

By Simone De Beauvoir

    Simone de Beauvoir’s essential masterwork is a powerful analysis of the Western notion of “woman” and a revolutionary exploration of inequality and otherness. It highlights gender equality instead of only stressing girl power. This book can be an enlighten to all genders and relationships. All genders could be free if gender equality was achieved. Vital and groundbreaking, Beauvoir’s pioneering and impressive text remains as pertinent today as when it was first published, and will continue to provoke and inspire generations to come.



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On Modern China’s Intellectual History

By Li Zehou

    Instead of being too critical or profound, Li Zehou offers his lucid and worldly-wise insights and true feelings. He magically makes the dull history of ideas more intriguing and inspiring with his illuminating and beautiful words. His profound understanding on modern intellectual history facilitates readers to learn more about these ideas.



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The Journey of Science

By Wu Guosheng

    Humankind is fully aware of the importance of science. They are equipped with the basic scientific knowledge, but they cannot use it well without critical thinking. Two weird phenomena exist. On one hand, people tend to be deceived by fraud “traditional culture” in disguise. On the other hand, people worship science, but ignore the fact that it is evolving. Criticism fuels science. We expect the science education in China can foster the students with critical thinking, instead of those who only take in what they are given.

Rewritten by: Luo Xinying, Edited by: Du Zhixin, Wei Yiyi

The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.

Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.

Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.

Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.

These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.

For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.

So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.

At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across


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