Reneging on Reform: China abandons Deng’s policies

I was in China in the 1970s, in that time of Mao Zedong, whose policies led to China" absolute poverty". As has socialism everywhere it's been tried. And as I saw with mine own eyes: in China of the 1970s, in Vietnam and the Soviet Union of the 80s, and in North Korea of always.

The last para in Zhou Xin's article says it all. As I've been saying for decades now: China became rich post 1980 to the exact extent that it allowed private enterprise, the market economy, aka "capitalism", to grow. And now it will impoverish itself, again, to the exact extent that it suppresses the private sector in favour of sluggish, slothish, State Owned Enterprises. 

Shame. But was always in the books. Whenever you have so many bureaucrats, you have an inbuilt tendency to control, aka "socialism". 

The pity in the west is that a majority of our college students say they favour "socialism". A semester in North Korea might sort them out. 

PS: Deng summed his policies in one phrase: "it doesn't matter if the cat is black or white as long as it catches mice". Nice.