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 Lürssen yachts to an audience." (Wall Street Journal, 9 January) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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.
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