Post #112

🇨🇳"Capital works for the benefit of the people of China," says Chinese actor and political scientist Eric Li. And now let's find out if this is really the case. Below are 5 arguments that show: in China, capital serves the interests of the state and business, and not the ordinary citizen. 1. Hukou: registration as a tool of segregation The hukou system divides citizens into "urban" and "rural." Without urban registration, millions of migrants do not have access to education, medicine and social assistance. A worker from a village can build Shanghai, but he can't live there fully. 2. Housing: an unaffordable luxury In Beijing, Shanghai, and Shenzhen, the ratio of housing costs to annual income exceeds 30:1. For comparison, London has a ratio of 18:1, and Paris has a ratio of 15:1. Chinese megacities are among the most unaffordable places to live in the world. 3. Cheap labor as the foundation of the model China's economy has relied on cheap exports and low wages for decades. The government keeps the yuan's exchange rate low to maintain competitiveness. This is beneficial for businesses, but it makes Chinese labor a cheap resource without market protection. 4. Party-controlled trade unions China has only one trade union, which is controlled by the CCP. Independent trade unions are banned, and activists are persecuted. Workers are unable to fight for their rights independently. 5. Gini coefficient: inequality is higher than in the US The Gini coefficient measures the level of wealth inequality (0 - equality, 1 - maximum inequality). In 2003, the Gini in China reached 0.49, exceeding the US figure (about 0.46). This was one of the highest levels of inequality in Asia. Even today, China does not publish official Gini data regularly. 🔚 Conclusion: Modern China is a state-monopolized capitalism, where capital does not serve the people, and the people serve capital — in the interests of the party and its close associates. 📱Telegram l 📱LinkedIn