Thursday, November 17, 2011

Who Rules China?


China’s Ruling Elite -- Washington Times

The People’s Republic is run by an untouchable aristocratic oligarchy.

One of the most widely believed myths about China today is that market reforms, a growing economy and a purportedly more progressive government are leading to a new age of opportunity. PRC propagandists point out that the country’s middle class has grown from nothing a few decades ago to 100 million or so in 2010. What is left unsaid is that the middle class makes up less than 10 percent of the nation’s population (compared to 60 percent in America), and that the average person still earns a paltry income in China, where per capita gross domestic product (GDP) is just $3,744 (compared to $45,989 in the United States).

Read more ....

My Comment: I first visited China in the mid-1980s .... and compared to then life has gotten better for the average citizen. But it is also true that for China's elite .... life has certainly gotten "super-duper" better.

No comments: