Thursday, July 23, 2020

China Inc.

China is not a traditional communist country; it’s run like a multinational corporation. In 1978, Deng Xiaoping became China’s paramount leader and transformed the country into a multinational corporation, in which the Communist Party’s Politburo acts as the board of directors and gets a share of the profits from domestic economic activity and international trade. Xiaoping’s China has shunned major wars—occasionally, it has been involved in some small-scale conflicts with its neighbors, but it has shown a marked preference for using its immense economic clout to get other nations to toe the Chinese line.

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