WinnerSG
2021-07-28


A very thoughtful and insightful article talking about finding the Third Way for China, between pure Socialism and Capitalism. Author argues that in the first stage of China's development, capitalism has enlarged the pie for everyone. But in the next stage, China has to find a way to distribute the fruits of economic growth more evenly. Government should start by re-assessing the role of capitalism in the 3 pivotal sectors: education, medical care and housing. Actually, I believe they might have to move closer to the Singapore model where the public sector retains a huge role in these 3 segments, satisfying the needs of the majority of the people without surrendering it to a pure capitalist model. 

https://finance.sina.cn/zl/2021-07-27/zl-ikqcfnca9244156.d.html?from=wap

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