China's top 1% control 70% of wealth

[240kankan]

Thats the best comments that i have ever seen.stop watching those fucked-up videos about how bad the government is and how stupid chinese are.this guy talks eal shit.listen to him.

[tsulu2002]

Yes, they are looking like USA.. maybe these reporters would like to go back to Communism????? I do not get it.

[pingurama]

Haha America is currently 1% control 43% of wealth, the blur of corruption know no country border.

[Rico8458]

china has now allowed all of its citizens to buy and trade in gold and silver, to own it and sell it, yet, all wealth is located in the coastal cities, shanghai, beijing, hong kong, darlian, tsingdao, tiensen, shenzhen, etc. the mass hinderland still needs to catch up. the question is the million billionaires now in china, who are they? are they party members? how much tax do they pay to the party?

[supermurder67]

China's top 1% control 70% of wealth

Doesn't sound like communism to me.

[DocK36]

Damn, they're starting to look like the USA LOL.

[Kharkiv85]

@supermurder67 it's exactly what communism does. The ruling class only comes about by family/association and they control most of the wealth. Same thing happened in the soviet union.

[bg24955]

china is the most capitalist country on earth because socialist egoliterian stuff hurts china so bad in the past. capitalism is not perfect, but still better than socialism becuase we learned in a hard way.

[blaziermissy]

@bg24955 haha defin socialism. Now define egalitarianism.

PLEASE get it right...they're two VERY different things....and China never had egalitarianism....NONE have yet.

[franzxxxx]

target china !!! situation is not much different in capitalist countries like usa and uk in terms of a very small percent of elite owning more than 80% of assets.

[patient0Studios]

Thats because China is more capitalist then any other nation except the Free-Market continent of Africa. Simply the "People Republic" is Socialist by name but capitalist by practice

[starswitch]

no nation on earth to date has achieved a communist state successfully. Socialist revolution has taken place, but no one want to reliquish control and give full autonomy to the people, which is what marx saw true communism to be, stateless.

[blaziermissy]

@starswitch why would they want to? Communism, Socialism, and Capitalism, and Facism: ALL have banks, money, police, laws, and all the same type of social problems of social class. They ALL have elite rulers. The only diff. is the amt of regulation by govts. They all suck.

There are solutions. We need to progress into the 21st century with a system that utilizes the scientific method for true, social concern and thus, SUCESS.

[t4705mb6]

"Growing pains."

Reminds me of when the whitehouse does yet one more illegal act, gets caught and says, "Oh, that was three days ago! Let's move ahead. Don't look back. We all make mistakes."

It's a stalling technique.

Wait long enough and a NEW issue or problem will replace the old one & the old one will be forgotten.

[greyhoundfriend123]

Whatever nationality you are, this is your future, the New World Order.

What is your plan?

[PersonalJesus348]

pretend its not happening because I can't fight this alone.

[MuslimGhost]

China should go eat a dick.. oh wait they allready do that

[t4705mb6]

Actually, there are MANY individuals who "eat dick" in EVERY country. It isn't something found only in China.

In fact, some of the most notorious cocksuckers on the planet reside in Washington D.C.

[nartin86]

stupid video

[3henchmen]

its like that in every country. this isnt news.

[crock703]

The other countries don't make pretense of being socialist/communist nations though - they don't promise their people those things.

Outside China where countries don't hide the wealth gap or make pretense that contradicts it, people at least have the right to protest or elect people who can change got policy.

[patient0Studios]

You are only partially correct, modern capitalism doesnt't shoot strikers and break up dissident groups because they know that not only will it hurt their image it would be a waste because they have such a strict grip on the population that they dont need to resort to these tactics. This was different when people were really willing to change things 80 years ago, when that was achieved the government brought guns to shut you up not lawsuits.

[crock703]

Yeah, that's true. I'm not sure if that is the evolution of a society towards greater faith in & reliance on the rule of law, or one that has just resigned itself to be content with fleeting comforts & distractions. It was a lot easier to change 80 yrs ago because your poverty was more sudden & physical then, when you'd look at your plate & see 1/5 of a meal. We're we to/if we get there, of course you'll see history repeat itself.

Either way, what you mentioned obviously is China's capitalism.

[killerbee2k]

@crock703 Remember that Western democratic governments and private companies used to shoot strikers and also hire firms like the Pinkertons to break strike leadership. Its a process, China will become more stable as the demography of China stabilizes.

[hajqbvii]

1% to 5% of population controlling the wealth in China....sounds very much like it is here in the USA....and like China, the US lower classes can out vote the Rich!...

[dtothediesel]

no there are no elections in China. That is a commonly known fact. They can vote for nothing.

[crock703]

They vote for village heads, sometimes. And in those instances, all must either be CCP members, or approved by the CCP to run for office.

Even then, the soundness of the elections is unclear, and I'm not sure, but I suspect that the CCP can unseat an elected official anytime it pleases.

[MementoExpose]

communism my fucking ass

[Triseult]

And this is different from the West in what way?

[crock703]

I guess in that the West makes less pretense of state responsibility for social asst programs than China. And that we have some electoral means of shaping govt policy, as illusionary & appeasing as it might be, but it works..

Socialist ideals/rhetoric secured the CCP's power monopoly for so many decades. That song & dance doesn't work anymore, so they have to find some way to maintain singular control. Material wealth and/or anti-Western nationalism? Otherwise, ANOTHER peasant rebellion..

[Triseult]

Soo... The difference is that in the West we don't even try to pretend that our government supports a steep rich-poor divide?

Your mention of "anti-Western sentiments" (which don't exist by the way) are deliciously ironic.

[crock703]

I meant that in the U.S., we don't consider it the State's responsibility to provide health care, housing, etc. Not making a judgment, just saying that for decades the CCP indocrinated Chinese to submit themselves to the will of the State, whose responsibility it was then to provide those things.

In the U.S. politicians talk about helping the poor, but we don't make pretense of people's hunger being a State responsibility, whereas the CCP has.

[crock703]

So people will be more disillusioned with a State that doesn't provide welfare, but also doesn't allow them to shape policy. Unless they have enough material wealth to satisfy them (which is relative & fleeting), or some type of enemy (besides the State's policies) to blame for their lack of power (economic or political).

[crock703]

There is anti-Western sentiment sometimes. You see it when the govt provokes people to protest the West, like during the torch protests and Western news coverage around the Tibetan protests/riots. For decades the govt did it by calling the non-Chinese Imperialists. Sometimes its right, but its true that whenever the CCP gets in hot water, it points the finger at the West instead of being honest with the Chinese people about its faults.