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Showing posts from October, 2024
  Shifting Chinese Attitudes on Socio-Economic Inequality Should Concern China’s Leaders Beliefs among ordinary Chinese regarding the sources of socio-economic inequality have undergone a drastic change over the past decade.   While this shift does not portend widespread open social protest in which people take to streets against the ruling Chinese Communist Party (CCP), it is something that ought to worry President Xi Jinping.   As is well-known, starting in the 1980s, China rejected the model of tight Communist state control over the economy in favor of market reforms.   To be sure, a high degree of state involvement in and control over the economy remained in place.   The MIT economist Huang Yasheng, whose book, Capitalism with Chinese Characteristics , remains one of my favorite works on the Chinese economy rightfully characterized the post-Maoist model as “state capitalism” (he made this comment during a brief conversation I had with him at a conference o...