Changing China: Xi Jinping's effort to return to socialism

[Jilly_in_VA]

For decades life in China had evolved around its home-grown version of let-it-rip capitalism.

Despite being technically a "communist" country, the government had put its faith in trickle-down economics, believing that allowing some people to become extremely rich would benefit all of society by dragging it out of the disastrous quagmire of Chairman Mao's Cultural Revolution as quickly as possible.

To an extent it worked. A large middle class has emerged and people in virtually all strata of society now have better living standards as a result.

From the stagnation of the 1970s China has been thrust to the top of the pile, now challenging the United States for global economic dominance.

But it left a chasm of income disparity.

https://www.bbc.com/news/business-58579831

[Tetrachloride]

1. Overripe Tripe

1. no mention of the wealth of the very top power elite. these people will keep their money

2. Chou En-lai was believed to be the enlightened half of Chairman Mao. Eventually the truth came out. The BBC article is full of vacuous questions and maybes.

3. No mention of Chinese military

China doesn’t care about anything except red.

The BBC article stinks as bad as any foreign affairs article this year.

[Jilly_in_VA]

2. This is the first of a three-parter

I will post the others as they come along. You may hold your fire.