Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision Mr. Xi’s conviction: Chinese socialism under sole control of the party will prevail over U.S.-style capitalism.
…when the Chinese Communist party celebrated its centenary on July 1, Mr. Xi donned a Mao suit and stood behind a podium adorned with a hammer and sickle, pledging to stand for the people. After the speech, he sang along with “The Internationale” broadcast across Tiananmen Square. In China, the song, a feature of the socialist movement since the late 1800s, has long symbolized a declaration of war by the working class on capitalism.
The ghost of William Buckley is distressed