Billions in Hidden Riches for Family of Chinese Leader

The mother of China’s prime minister was a schoolteacher in northern China. His father was ordered to tend pigs in one of Mao’s political campaigns. And during childhood, “my family was extremely poor,” the prime minister, Wen Jiabao, said in a speech last year. But now 90, the prime minister’s mother, Yang Zhiyun, not only left poverty […]

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The Left is Bereft

The latest cover of the Economist, the weekly news magazine that likes to call itself a newspaper, featured inequality, which it believes is the new big problem facing the world at large. Belatedly, the world is finally beginning to acknowledge an endemic problem, which is so anecdotally visible in the new India defined by glitzy malls […]

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China’s Princelings Are Running Amok. And Bo Xilai Is Just The Tip Of The Iceberg

Some of China‘s most respected public intellectuals are warning that society and economy are being held hostage to the wealth-maximizing requirements of the political elite. These warnings echo privately in business circles, too, where entrepreneurs continue to be enthralled by the prospects of short-term profits but increasingly alarmed about their personal and financial security. Officials in developed […]

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