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HomeTop NewsCronyism, Not Welfare, Is China’s Big Problem

Cronyism, Not Welfare, Is China’s Big Problem

In an economy where the ruling party controls enormous portions of the economy, attempts to redistribute some of that state-owned wealth isn’t necessarily a move against the private sector.

Original Article: “Cronyism, Not Welfare, Is China’s Big Problem​

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.