Pekingology
China's Extreme Inequality
Apr 18, 2024
Freeman Chair in China Studies Jude Blanchette and Stanford Professor Andrew Walder discuss China's extreme inequality, exploring economic reform, social mobility, party membership, wealth accumulation, income distribution, socialist ideology, and structural challenges. They debate the roots of inequality, potential future scenarios, Xi Jinping's leadership, and geopolitical dynamics in China.
40:10
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Quick takeaways
- China's extreme inequality stems from state socialism's structural legacies impacting income distribution.
- Tax reform challenges in China are hindered by reliance on enterprise taxes over individual wealth taxation.
Deep dives
Understanding China's Political System and the Role of State Socialism
China's evolving political system is explored in this podcast, highlighting the structural legacies of state socialism that impact China's extreme inequality. The discussion delves into the evolution of China's Revolution, the shift to a market economy, and the party's control over economic resources. The podcast also addresses the lack of income redistribution despite the state's vast control over resources, raising questions about the party's grip on society and the economy.
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