At 07:26 AM 9/12/97 -0700, Louis Proyect wrote: >September 12, 1997 > >In Major Shift, China Will Sell State Industries > >By SETH FAISON > >BEIJING -- China's leaders have agreed to sell off the bulk of the nation's >big state-owned industries, and will disclose their plans at the opening >on Friday of a Communist Party congress that is expected to set the >nation's political and economic agenda for the post-Deng era. Hmmm! How many of China's hundreds of millions of peasants and factory workers will be able to afford those shares, as opposed to the managerial elite and Party bureaucrats? If the distribution resembles anything even like share ownership in the U.S., will this strengthen the development of an egalitarian and communal society and socialist ethos? Just wondering. Michael
