Reply #22: China warns on wage gap 'unrest' [View All]

[54anickel]

http://news.bbc.co.uk/1/hi/business/4266964.stm

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The Ministry of Labour and Social Security says income disparity is at "yellow alert", its second-most serious level, and may reach "red alert".

"If it continues this way for a long time, the phenomenon may give rise to various forms of instability," it said.

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However, it also consisted of those who gained wealth through collusion with officials in power-for-money deals, or because they happened to work in monopoly companies or through stealing state assets.

The Ministry of Labour and Social Security report urged the government to push forward reform of property rights to state assets.

It also called for the break up monopolies and establishment of a robust social security net.

more...

Ironic in a way - China is talking about "doing" many of the things Repukes are trying to "undo" here. Repukes can't exactly go back to the old boogie men of "Communism/Socialism" now that China's our banker, can they?