Something new!
China experiments with an exact opposite approach to capitalalism from the US.
This is China's new approach to capitalism being controlled or curtailed to keep it consistent with China's socialist policy of serving the people's needs.
It just happens to be the way to keep the people onside and happy with their communist system.
This is in direct contrast to America's capitalist system that has no control over how big corporations get or how wealthy corporatists become. Thusly depriving America's people of a share of the pie.
China experiments with an exact opposite approach to capitalalism from the US.
Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision
Going well beyond curbing tech giants, he wants the Communist party to steer flows of money and set tighter limits on profit making, his speeches show and officials say. More turbulence for foreign businesses is likely.
www.wsj.com
This is China's new approach to capitalism being controlled or curtailed to keep it consistent with China's socialist policy of serving the people's needs.
It just happens to be the way to keep the people onside and happy with their communist system.
This is in direct contrast to America's capitalist system that has no control over how big corporations get or how wealthy corporatists become. Thusly depriving America's people of a share of the pie.