7
425 reads

The Winners And Losers In Chinese CapitalismGeneral

blogs.forbes.comThe most popular recurring foreign talking point on China’s surging economy in the era of the global financial crisis is something like, “Maybe they have got something figured out over there in Beijing that we don’t.” That is, maybe authoritarian state-led capitalism isn’t all that bad.

Well, I can agree that state capitalism is certainly not bad for the winners, China’s state-owned enterprises. But what about the losers? I am thinking now of some people you might not normally have sympathy for, China’s rich (or once-rich) private entrepreneurs. Over the years I have encountered peasant oil barons, coal mine bosses, private airline chiefs and real estate developers who have all learned to rue the defects of state capitalism.

full story »
The Winners And Losers In Chinese Capitalism
ndmagxian
Submitted by ndmagxian
1 year 22 weeks ago Made popular 1 year 22 weeks ago
Tags:
ADVERTISEMENT

0 Comments

No one is talking about this story yet. Why not get things rolling?

Who Hao/Bu Hao'd It?

Lost Laowai | China Expat Questions & Answers | China Blogs | China Expat Blog

Copyright © 2006-2012 Hao Hao Report, All Rights Reserved. Design by Dao By Design