11 July 2011 — Truthdig
[An interesting and thought-provoking piece on socialist planning with capitalist ownership and the direction China might be taking. Sounds a bit like the post-war Labour govt. WB]
China may be returning to the days when its ideal communist was both ‘Red and expert,’ and The Wall Street Journal is worried. In a recent article, the newspaper profiled one of China’s rising new leaders, Bo Xilai, Communist Party chief of Chongqing and a likely candidate next year for a position on the party’s Politburo Standing Committee. If chosen, Bo may help bring about a new synthesis of the political trends that have shaped China for the past six decades. The Journal is concerned that the ascendancy of new leadership may retard what it describes as the liberal economic policies that have fueled China’s growth since the end of the Cultural Revolution and the ascendancy of Deng Xiaoping in the late 1970s.