TheAltWorld
Economy
Xi Aims for ‘Common Prosperity;’ Why Can’t the U.S. Have That?!
Mainstream Western media is covering China’s changes to housing, education, and financial regulation policies with much chagrin. In a capitalist system with profit as the main goal, restricting for-profit education and housing speculation would be a negative. In China, reducing inequality and bringing “common prosperity” are now the official goals.
Tings Chak, researcher at the Tricontinental Institute & a member of @Dongsheng News collective, breaks down the major shifts in Chinese politics.
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