China's top 1% control 70% of wealth
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Uploaded by TheRealNews on Aug 15, 2008
More at http://therealnews.com/c.php?c=080801YT
Professor Minqi Li : Winners and losers in new China Pt 2
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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.
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Yes, they are looking like USA.. maybe these reporters would like to go back to Communism????? I do not get it.
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Haha America is currently 1% control 43% of wealth, the blur of corruption know no country border.
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@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.
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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?
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@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.
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@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.
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@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.
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China's top 1% control 70% of wealth
Doesn't sound like communism to me.
supermurder67 2 years ago 7
Damn, they're starting to look like the USA LOL.
DocK36 1 year ago 6