Re:China: The Disappearing Millionaires (2019) [video]
by baybal2 on Monday January 04, 2021 @09:33AM
(#25631791)
> Sometimes it feels China is going through the same stages of history Europe went through over centuries but at breakneck speed.
And you feel it right. This is what is the explanation for the schizophrenic public position of the Chinese establishment: on one hand they shout out loud that "economic liberalisation is irreversible, opening up will go on," and on other keep tightening all legal, and extralegal nuts on private enterprise, and in overall sliding back into the madness of seventies.
They have accepted the fact of millionaire chicken run to the West being unstoppable, but they at least want to prevent the multimillionaire, and billionaire chicken run.
They simply want their money that much, and that started to outweight the rational interest of "not slaughtering a hen laying golden eggs" in recent 2-3 years.
And you feel it right. This is what is the explanation for the schizophrenic public position of the Chinese establishment: on one hand they shout out loud that "economic liberalisation is irreversible, opening up will go on," and on other keep tightening all legal, and extralegal nuts on private enterprise, and in overall sliding back into the madness of seventies.
They have accepted the fact of millionaire chicken run to the West being unstoppable, but they at least want to prevent the multimillionaire, and billionaire chicken run.
They simply want their money that much, and that started to outweight the rational interest of "not slaughtering a hen laying golden eggs" in recent 2-3 years.