Tag: china

Do North Koreans Actually Make Money?

Do North Koreans Actually Make Money?

After the end of the Korean war, North Korea was a virtually cashless society – everyone worked for the state and was provided for by the state. And in the Communist bloc context of the day, it worked – in 1989 North Koreans were more than twice as wealthy as their comrades in China. Now …

Trump’s Trade War Could Cost Him Vital Rust Belt Votes

Trump’s Trade War Could Cost Him Vital Rust Belt Votes

Donald Trump continues to tell us the jobs, jobs, jobs, jobs, jobs are just flooding back into the United States. The economy is kicking butt out there. The stock market hit a record high this past Monday. He told us, and dude, everything is wonderful for American workers, except of course for actual American workers …

China is producing billionaires faster than any other nation

China is producing billionaires faster than any other nation

>>Sreenivasan: FOR MOST OF THE LAST CENTURY, GETTING RICH IN CHINA WAS AGAINST THE RULES. THE COMMUNIST GOVERNMENT’S PLANNED ECONOMY SAW TO THAT. BUT THINGS CHANGE IN THE 1980s WHEN THEN LEADER DENG XIAOPING’S RALLYING CRY WAS “TO GET RICH IS GLORIOUS.” TODAY, PRESIDENT XI JINPING’S ANTI-CORRUPTION CAMPAIGN HAS RESULTED IN A CRACKDOWN ON OSTENTATIOUS …