No subscription or hidden extras
Read through the most famous quotes by topic #china
The interesting thing about the China story, getting back to the macro and micro, and as dire as I think the macro story is - due to bad credit and credit extension that makes Greece and Spain and the U.S. look like child's play - when you get to the micro of individual companies, they look even worse. ↗
But it also had many large posters with messages of a more peaceful nature. These extolled the country’s economic achievement since the Cultural Revolution, which was supposed to have liberated the forces of production and increased productivity. Of course, the Cultural Revolution had done just the opposite. Official lies like this, habitually indulged in and frequently displayed by the authorities, served no purpose except to create the impression that truth was unimportant. Pg. 400 ↗
Pilfering was common in Communist China’s state-owned enterprises, as the Party secretaries were slack in guarding properties that belonged to the government and poorly paid workers felt it fair compensation for their low pay. The practice was so widespread that it was an open secret. The workers joked about it and called it "Communism," which in Chinese translation means "sharing property." Pg. 390 ↗
#communism #corruption #looting #mao #death