|
There may be some policies/actions from the Chinese government I don't like but certainly not that one, I think it's laudable to take measures to shrink the gap between rich and poor and raise the standard of living for everyone before having some tiny percentage of the population living like kings. In many western countries this divide is increasing and it doesn't look like it's stopping anytime soon unless measures are taken. As an example, in the UK, where I live, the median yearly salary is roughly £31k, which means you take home about £2k each month. Start subtracting rent/mortgage, car/public transportation, bills, groceries, toiletries, and just stuff necessary for living and you won't be left with much for pleasure and entertainment, i.e., for living beyond surviving. Which is btw why I find some HN users are sometimes in such a bubble when they make comments about how they despise ad-supported websites and would love for them to be paid instead; that's lacking empathy, not realising that soooo many people wouldn't be able to afford a system like that, or if they did they would have to give up a bunch of other things instead. |
I think reducing inequality is great. But do you think Mr. Xi's initiative will meaningfully reduce inequality, or will it mostly be used to bolster Mr. Xi politically?
Do you have any worries about Mr. Xi keeping companies on a tight leash with the threat of regulatory hassles if they don't appease him? I think it is a mistake to view these coerced donations as independent from Mr. Xi curtailing the independence of tech companies. Mr. Xi views keeping party leadership over all forms of work in China as essential to the survival of his politically repressive regime (see a summary of "Xi_Jinping_Thought."). No doubt having the headline cause making the tech companies submit being reducing inequality is more politically palatable than, say, further crushing criticism of the government, although reduced corporate independence seems likely to lead to that too.