As for other sectors, multiple companies can be supported to avoid a single dominant player. For example, in the textile industry, high-end textiles can be left to the market. The imperial court will be responsible for formulating regulations and collecting taxes.
To ensure the basic cloth supply for the majority of the people, the imperial court could control a portion of it and allow merchants to participate in the other portion. In this way, the portion controlled by the imperial court could ensure the clothing problem of most ordinary or even poor people. As long as the imperial court did not raise prices, other merchants would not dare to ask for exorbitant prices.
As for the high-end segment, there's no need for that, because their target customers aren't ordinary people. So whether they raise prices or not won't affect ordinary people, and therefore won't affect the stability of Dai Viet.
Ye Han watched the prince's eyes drop in thought, and added, "Of course, if you don't want to liberalize commerce, the textile industry can actually be delayed for two years. Compared to agriculture and the military, this isn't as urgent. Once sweet potatoes and potatoes become more common, the national treasury won't be strained anymore."
"No, my sister-in-law's words have given me a sense of sudden enlightenment. I will discuss this with my father. Although it will not be implemented immediately, the policy of emphasizing agriculture and suppressing commerce will not be used forever."
Ye Han sighed in his heart, "Sure enough, the elites of any era are no ordinary people. From these few words, they have judged the future direction and seen some trends."
"Indeed, there's no rush for this, and it's not applicable at this stage. It will take a few years of development. Your Highness can study those books on economics. Those who specialize in this field can serve as a reference."
"Okay, even if my sister-in-law didn't tell us, we would have taken the time to read it. After all, one copy of 'The Exploitation of the Works of Nature' is so exciting, I believe the other two sets will be even more surprising."
Continue read on readnovelmtl.com
