Strike Taiwan's State Ownership Shackles

Your article on the political tussle over the privatization of Taiwan's government banks ("Let the banks go! No, don't!" Finance, Feb. 10) describes the predicament facing not only those banks but also many other state-owned companies in the petroleum, telecommunications, and utilities industries. Shackled by bureaucracy and political meddling, these companies could not stand on their own. As an employee of the national oil company, I share the frustration of the many dedicated professionals working for these state-owned banks and industrial companies. They are concerned about the snail's pace of progress toward privatization, and they dream of the challenges and opportunities we can pursue after privatization.

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