Michael Roberts Blog — blogging from a marxist economist
China’s crackdown on the three mountains
Michael Roberts
Michael Roberts
Sunday, August 8, 2021
China’s crackdown on the three mountains — Michael Roberts
The three mountains are education, healthcare, and housing. This is what ordinary Chinese are most concerned about. The government has decided to step in to correct the imbalances from rising inequality.
Michael Roberts Blog — blogging from a marxist economist
Michael Roberts Blog — blogging from a marxist economist
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3 comments:
Well, why did they allow those sectors to become partially privatized?
The article explains that.
They have a minimal safety net, which is equivalent to saying they want the free market to deliver public services.
In other words, working as designed.
Crackdown = hyprocrisy
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