Chinese Vice Premier stresses balanced economic development, raising people's living standards
There are 2 comments on the People's Daily Online story from Mar 23, 2011, titled Chinese Vice Premier stresses balanced economic development, raising people's living standards. In it, People's Daily Online reports that:
Chinese Vice Premier Li Keqiang , who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, shakes hands with a resident living in a shanty town in Baotou City during his inspection visit to north China's Inner Mongolia Autonomous Region, March 21, 2011.
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#1 Mar 23, 2011
Since: Mar 08
#2 Mar 23, 2011
The so call "balanced economy" is a pipedream. The principle of capitalism means there will always be a huge gap between the haves and the have-nots. The best the state can do is to subsidize the poor so they can get by, or else you'll just be going back to socialism, with everyone being equally poor. A stable social structure is that of a pyramid, not a diamond shaped. You can certainly use illegal immigrants and outsourcing to fill out the bottom tier, but that'll create structural instability and hollowing out your entire system, which is exactly what is happening in the US.
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