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Ederik Schneider Online
Wednesday, October 31, 2012
Reuters: China's Young Capitalists Covet Communist Party Membership
This is what Chinese communism looks like. Mixing in state capitalism a combination of private enterprise. With a large welfare state, to go along with some state owned enterprises. And a lack of the social freedom compared with Japan, Korea, Australia and the West. China had figured out whether they like capitalism or not, it's necessary to have it for their country, especially their regime to be as strong as possible. So they can say to their people that personal freedom and choice, is very limited. But at least we can survive as a country economically and see hundreds of millions of Chinese do very well. And keep the status-quoe as far as the party in power. And not need to open up our political system and allow for more personal freedom. Because their people will they're doing well economically with the system and be able to raise their kids, get an education and live well. And see China do very well compared with the world and even developed world. This is their gamble at least so far and so far it's been paying off very well for them. Cuba is trying the same thing with their communist republic as well.