China
Protects Private Property
Key
change in Constitution makes capitalism its economy's driving
force
 China
has changed its constitution to protect private property
rights for the first time since the 1949 Communist revolution
— a key step in making capitalism its economy’s
driving force.
The
historic decision on March 14, 2004 was almost unanimous
-- 2,863 in favor, 10 against and 17 abstentions. The constitution
will now say that "lawful private property is inviolable."
A
separate amendment offers further good news for the private
sector by adopting the so-called "Three Represents"
theory of former president Jiang Zemin, which proclaims
that all classes of society -- including entrepreneurs --
should be represented in the Chinese Communist Party.
The
guarantee for private property is a significant victory
for entrepreneurs and business people, who have become politically
influential over the past 25 years as the country shifted
away from Maoism. Beginning with its first market-oriented
reforms in 1979, China has triggered an economic boom by
unleashing the capitalist instincts of its people.
Party leaders who control the legislature say that private
property is essential to advancing economic reforms that
have let millions of Chinese lift themselves out of poverty.
China still officially calls itself a Communist state, but
it is increasingly difficult to recognize any fragments
of Marxist theory in the raw capitalism and pro-business
policies of the current regime. The latest constitutional
move is an even more dramatic step on the road away from
Marxism. It was Marx who had insisted that the entire theory
of communism could be summarized in just one phrase: "abolition
of private property."
Business
leaders had lobbied for the constitutional guarantee of
the right to private property, believing that it could help
them resist the occasional cases of harassment or expropriation
by local government officials.
The
amendment was adopted without debate indicating that China's
elites are strongly in favor of the new guarantee.
In-Depth
Look at China's Changing Economy
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Burger
King Introduces Left-Handed Whopper
More
than 32 Million Americans Could Benefit
MIAMI,
FL, March 31 -- Burger King Corporation today announced
the launch of the new Left Handed WHOPPER, which will
become available nationwide tomorrow. America's most preferred
premium hamburger will feature the trademark build of
lettuce, tomato, onions, pickles, mayonnaise, ketchup
and 4-ounce flame broiled hamburger patty, but the newly
designed sandwich has been re-engineered to fit more comfortably
in the left hand, thereby reducing condiment "spills"
for left-handed hamburger lovers. It is estimated that
more than 1.4 million left-handed customers visit U.S.
Burger King restaurants each day.
The
new left-handed sandwich will have all condiments rotated
180 degrees, thereby redistributing the weight of the
sandwich so that the bulk of the condiments will skew
to the left, thereby reducing the amount of lettuce and
other toppings from spilling out the right side of the
burger.
"We
have always been proud of the fact that we offered 1,024
ways to order our flagship WHOPPER sandwich. Now we are
offering 1,025 ways. It's the ultimate 'HAVE IT YOUR WAY'
for our left-handed customers," said Jim Watkins,
senior vice president for marketing for Burger King Corporation.
It
is estimated that approximately 13 percent of the U.S.
population (or 32.5 million people) is left-handed, making
this consumer group one of the largest--and one of the
most over-looked--minority segments in the country.
The
new left handed WHOPPER will be launched in a full-page
ad in USA TODAY tomorrow. Initially, the Left-Handed WHOPPER
will only be available in the U.S., however, the company
is considering plans to roll it out to other countries
with large left-handed populations.
Burger
King Corporation and its franchisees operate more than
9500 restaurants in all 50 states and in 56 countries
and international territories around the world. In
fiscal year 1997, Burger King had system wide sales
of $9.8 billion. Burger King Corporation is a subsidiary
of Diageo plc, one of the world's largest branded consumer
products businesses.
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the rest of the story
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