Discontent 'grips Chinese cities' (BBC)

[eppur_se_muova]

A Chinese government think-tank has warned that rising food and property prices are causing discontent among a majority of the country's urban poor.

The rare admission comes in a report from the Chinese Academy of Social Sciences, which also estimates that 1m recent graduates are still unemployed.

Low-income city dwellers and rural farmers are struggling to make ends meet, the report says.

But, it says, 700m rural peasants have benefited from increased crop prices.

The academy has been producing such reports for 16 years but according to Shirong Chen, the BBC's China Editor, the admission that the majority of urban residents are dissatisfied with life is a new development.
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more: http://news.bbc.co.uk/2/hi/asia-pacific/7170438.stm

Hwuh-oh ...

[rAVES]

1. Chocolate rations will be increased by 25% on the year!!!

WOOHOO!!11

[yurbud]

2. Naomi Klein talked about China's embrace of Milton Friedman's crony capitalism

in the Shock Doctrine.

Tianamen Square was about stopping democratic reform before it could interfere with Friedman's neoliberal shock therapy.

The problem is, the part of the world that got shocked first, Latin America, is aggressively rejecting Friedman's ideas of how economies are supposed to work.

Eventually, the wave of revulsion will catch up with China and even the US.