Xi Jinping’s War on Woke Capital
09/21/2021
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A problem facing the Chinese Communist Party is the question: What is Communism good for?

Increasingly, Xi Jinping’s answer appears to be that Communism is good for keeping the foreign devils from degenerating our culture.

From the Wall Street Journal:

At internal meetings, some of them say, Mr. Xi has talked about the need to differentiate China’s economic system. Western capitalism, in his view, focuses too heavily on the single-minded pursuit of profit and individual wealth, while letting big companies grow too powerful, leading to inequality, social injustice and other threats to social stability.

Early this year, when Facebook Inc. and Twitter Inc. took down former U.S. President Donald Trump’s accounts, Mr. Xi saw yet another sign America’s economic system was flawed—it let big business dictate what a political leader should do or say—officials familiar with his views said. …

Industries that Mr. Xi views as being led astray by a capitalist spirit, including not only tech but also after-school tutoring, digital gaming and entertainment, are bearing the immediate brunt.


[Comment at Unz.com]

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