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  • Chinese Growth: An Issue of Supply, Not Demand [View article]
    Illuminating thoughts.

    Most of the observations are true to my own experience.

    I do believe that insufficient consideration was given to the harmonious society thread.

    Keep in mind that unlike Russia, the original 'Long March' individuals are still well represented in China's government.

    These individuals know from personal experience what inequality can mean to a status quo.

    The ideological facade is only useful so long as no large demographic group feels alienated enough to actively agitate for change. China has significant Muslim areas which are restive under the atheistic Communist rule, also Tibet. On top of all this is also the rural/urban divide - the gains made under the recent decade of China's new policies have not been shared equally.

    Lastly the Wild West portion - this is a very good characterization. However, again the inherent social injustices which China is permitting - perhaps even encouraging - in order to maintain short/medium term labor competitiveness, this is specifically what Marx argued as the spur for overthrow of the capitalist society.
    Jul 22 14:17 pm |Rating: 0 0 |Link to Comment
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