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Tuesday 22 Aug 2017 | 17:23 | SYDNEY
Tuesday 22 Aug 2017 | 17:23 | SYDNEY

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7 November 2011 15:31

In North Korea the market economy is irreversible but it is a market economy that is institutionalized within a culture of simulation, surveillance, and endemic cynicism. A future integrated or unified Korea, led presumably by South Korean democrats, will inherit a society framed by market dynamics but without an understanding of ethical market behavior or market regulation. This could be a toxic heritage as detrimental to the future united Korea as the unregulated and unsafe development of nuclear power also taking place in the North right now.

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