puisseguin Posted November 10, 2012 Share Posted November 10, 2012 I was watching a program about the transfer of power in China. It appears that the outgoing leader Hu Jintao is worth an estimated $1.2 billion whilst his replacement Xi Jinping is worth an estimate mere $200 million. Presumably his time will come. I just wondered how these sums fitted with the ideals of communism that the leaders claim to embrace? Link to comment Share on other sites More sharing options...
Chris_Sleeps Posted November 10, 2012 Share Posted November 10, 2012 Simple. They aren't communist. They believe in private property and free market economics. Link to comment Share on other sites More sharing options...
maxmaximus Posted November 10, 2012 Share Posted November 10, 2012 The people don’t mind as long as their next door neighbour doesn’t have more than them, an equal share of nothing with a very small group of rich people at the top is far better than lots of rich people, lots of medium wealth people and some poor people at the bottom, according to some. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted November 10, 2012 Share Posted November 10, 2012 I was watching a program about the transfer of power in China. It appears that the outgoing leader Hu Jintao is worth an estimated $1.2 billion whilst his replacement Xi Jinping is worth an estimate mere $200 million. Presumably his time will come. I just wondered how these sums fitted with the ideals of communism that the leaders claim to embrace? As others have said China is not communist, I'd suggest that it was much more capitalist than we are here inn the UK. Link to comment Share on other sites More sharing options...
andygardener Posted November 10, 2012 Share Posted November 10, 2012 I was watching a program about the transfer of power in China. It appears that the outgoing leader Hu Jintao is worth an estimated $1.2 billion whilst his replacement Xi Jinping is worth an estimate mere $200 million. Presumably his time will come. I just wondered how these sums fitted with the ideals of communism that the leaders claim to embrace? They're rich because chinas an incredibly corrupt one party state where nothing happens without the CCP officials getting a cut. They keep the "plebs" sweet by shooting a few dozen of those who fail to pass the bribes up the food chain every year so they can look tough on corruption. Don't knock it though, its pretty much the only thing holding them back from global economic dominance so long may it continue. Link to comment Share on other sites More sharing options...
geared Posted November 10, 2012 Share Posted November 10, 2012 Well that and their current economy is geared towards selling their wares overseas. China's the workshop of the world now - very export based. The economy is still growing at an impressive rate, but they need to work on domestic demand - which means they need to start to tackle the massive wage gap that exists in the country. So don't expect to have to learn to speak Chinese in the next couple of years, there is alot of stuff for them to sort out if they want to overtake America as the worlds number one economy. Link to comment Share on other sites More sharing options...
Tory_Voter Posted November 10, 2012 Share Posted November 10, 2012 Its only the same in the UK. Many communists in the UK live in leafy areas of citys, just look at Sheffield. TO be fair many communists/socialists are more "in it for the money" than true blue tory voting business owners Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 10, 2012 Share Posted November 10, 2012 I just wondered how these sums fitted with the ideals of communism that the leaders claim to embrace? Nothing new there. George Orwell hit it spot on in 1945: "All animals are equal, but some animals are more equal than others". [Animal Farm] In the old Soviet Union the leaders had their dachas and special shops (selling hard to get Western goods). As others have said China is not communist, I'd suggest that it was much more capitalist than we are here inn the UK. Certainly looks that way. They're rich because chinas an incredibly corrupt one party state where nothing happens without the CCP officials getting a cut. Sooooo..... why did the Soviet Union, a corrupt one party state... go bankrupt? Link to comment Share on other sites More sharing options...
melthebell Posted November 10, 2012 Share Posted November 10, 2012 cos communism doesnt work in reality, its exactly the same as the rest Link to comment Share on other sites More sharing options...
mumkin Posted November 12, 2012 Share Posted November 12, 2012 I was watching a program about the transfer of power in China. It appears that the outgoing leader Hu Jintao is worth an estimated $1.2 billion whilst his replacement Xi Jinping is worth an estimate mere $200 million. Presumably his time will come. I just wondered how these sums fitted with the ideals of communism that the leaders claim to embrace? Ask our local well known Communist Arthur Scargill Link to comment Share on other sites More sharing options...
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