We know about the potential political effects of income inequality, but what about economic growth? I can’t think of a better way to motivate policy makers.
Both the U.S. and China have long traditions, and myths, of meritocracy. Unfortunately, upward mobility is not something many young Americans and Chinese can count on.
I think the West needs to stop pretending that the rich-poor gap and political stability is an issue that only applies to rural land protests in China.
All sins may be equal in God’s sight, but that certainly isn’t true in present-day China. Sometimes admitting to a lesser offense is a wise move.
The wait is over. Now we know who has the most money in China. Remind me again why this is so important?
I’m amused, I’m horrified, I’m confused. How many times do China’s leaders have to talk about the problem of income inequality and social stability for these rich douchebags to figure out that this kind of thing is inappropriate? From the Global Times: Two days after the Forbidden City management group explicitly denied transforming a palace [...]
Learning about your nation’s history is a good thing. If that lesson teaches you to be a responsible citizen, that’s even better.
Are outdoor advertisements for luxury goods exacerbating problems associated with the income gap?
The assumption is that if a nation has a growing number of very rich people, this is obviously great economic news. Not so fast.
If most people in China resent privilege, not the wealthy, then should the government even bother narrowing the income gap?
Me, critical of a policy that some say would help narrow the income gap? Say it ain’t so.
The latest act of student ultra-violence is not about rich vs. poor, but rather sane vs. depraved psychopath.
A negligent driver in a BMW hits and kills a child in Jiangsu, and class resentment is once again a hot topic.
Yet another China school attack. Details are still sketchy, but here are a few links to get you up to speed.
A heartwarming tale of one American woman’s search for the authentic China experience and her immersion in the best traditional culture money can buy.
Scores of beleaguered Chinese executives, faced with a shortage of office space, have taken to the high seas. Giving up the comforts of home, these heroes selflessly toil to build a socialist paradise.
From china/divide: In response to rising crime rates, Beijing has instituted a policy of locking several lower-income neighborhoods overnight.
China’s wide income gap has been blamed for a lot of problems, including social unrest and violence. Income equality has steadily eroded over the past few years, and as one scholar points out, things might be worse than we thought.
It seems reasonable that only citizens should be the beneficiaries of any payout from the SWF as the oil belongs to citizens of all generations. Interesting piece on Sovereign Wealth Funds (mostly deals with oil producing nations) in Asia Times. Looking at the huge inflow of capital to these countries and tracking income inequality and [...]