Death of 3.5 million a year from tobacco makes dismal economics. Yet China is not able to reduce tobacco use because ... the central government is in the tobacco business.
"Call it Chinaâs fiscal addiction. The huge revenues rolling in from state-owned tobacco producers are trumping the desperate need for anti-smoking measures. Never mind that untold millions of lives are at stake in the nation with the largest number of smokers. Smoking is big, big business.
China isnât alone here. From Tokyo to Jakarta, government policies are putting tobacco profiteers ahead of public health. This isnât just shameful; itâs also dismal economics that imperils the regionâs future."
http://www.bloomberg.com/news/2011-...al-economics-commentary-by-william-pesek.html
"Call it Chinaâs fiscal addiction. The huge revenues rolling in from state-owned tobacco producers are trumping the desperate need for anti-smoking measures. Never mind that untold millions of lives are at stake in the nation with the largest number of smokers. Smoking is big, big business.
China isnât alone here. From Tokyo to Jakarta, government policies are putting tobacco profiteers ahead of public health. This isnât just shameful; itâs also dismal economics that imperils the regionâs future."
http://www.bloomberg.com/news/2011-...al-economics-commentary-by-william-pesek.html
