The Bill Is Coming Due for China's 'Capitalist' Experiment :

The Bill Is Coming Due for China’s ‘Capitalist’ Experiment
Michael Hochberg
© Aly Song/Reuters
Production line at the Dongfeng Honda factory in Wuhan, Hubei Province, China, April 8, 2020.
The Chinese Communist Party (CCP) has re-awoken to a profound truth: Rich, secure capitalists are the natural enemies of authoritarian regimes. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from authoritarian fiat. Capital in the hands of entrepreneurs is a political resource; it poses a threat to the implementation of centralized plans.

Related Keywords

China , Hubei , Guangdong , United States , Wuhan , Russia , Chinese , Soviet , Deng Xiaoping , Dongfeng Honda , Ant Group , Chinese Communist Party , Hubei Province , Reuters Production , Soviet Union , New Economic Policy , Premier Deng Xiaoping , சீனா , குவாங்டாங் , ஒன்றுபட்டது மாநிலங்களில் , ரஷ்யா , சீன , சோவியத் , எறும்பு குழு , சீன கம்யூனிஸ்ட் கட்சி , ராய்ட்டர்ஸ் ப்ரொடக்ஶந் , சோவியத் தொழிற்சங்கம் , புதியது பொருளாதார பாலிஸீ ,