Friday, January 11, 2008


Socialists have always maintained that countries like Russia and China that have claimed to be establishing socialism were in fact building up state capitalism, and now a pillar of US capitalism agrees with us that China has nothing to do with socialism.
"The spending choices for China's rich are multiplying as quickly as the world's fastest-growing major economy can mint new tycoons. In the latest sign of China's rising upper crust and its growing appeal to international marketers, Robb Report, a self-declared catalogue of the best of the best for the richest of the rich, is making its pitch here with a Chinese-language edition. The 200-plus-page Chinese monthly, published under the name Robb Report Lifestyle, is packed with news, product placements and advertising that promotes elite brands such as Volkswagen AG's Bugatti sports cars and L├╝rssen yachts to an audience." (Wall Street Journal, 9 January) RD

1 comment:

Highlander said...

Unfortunately the examples of Russia and China always make it harder to argue the case for Socialism as they are easy for people to (mis)quote I find.