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
Well, why did they allow those sectors to become partially privatized?
ReplyDeleteThe article explains that.
ReplyDeleteThey have a minimal safety net, which is equivalent to saying they want the free market to deliver public services.
ReplyDeleteIn other words, working as designed.
Crackdown = hyprocrisy