As I did some research for this article, I referenced work I did for my Corporate Communism piece previously published. It seems to me the two nations under study reveal striking similarities.
China is traversed by great social and regional imbalances. The reforms have caused concentration of incomes, social polarization and increased inequalities.
The living and working conditions for the poor form the bitterest face of the new Chinese capitalism. Low wages, interminable working hours, lack of health and safety at work and violation of the labor laws on the part of many companies and their subcontractors comprise their daily reality.
The primary difference between them is that China has dropped Communism for a wildcat form of development capitalism. America has turned her back on competitive capitalism to embrace corporate communism.
The USA on her way down has lost her labor unions and her democracy. On her way up, China has yet to enjoy either institution.
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