Does Communism Work After All? – Andreas Lorenz and Wieland Wagner

From Spiegel Online:

If the Middle Kingdom were not a country, but rather a giant company — let’s call it Red China, Inc. — then the Politburo would be its all-powerful board of directors.

And if Hu were not a communist official but rather a capitalist corporate boss, he would find himself inundated with job offers worldwide. Competitors in the capitalist West can only dream of the successes he and his fellow communist leaders cum business executives have achieved.

Hardly a day goes by on which Asia’s giant, Red corporation does not report new and dazzling business figures. And the more helplessly Western heads of state — from United States President George W. Bush to German Chancellor Angela Merkel — attempt to reform their traditional market economies, the more enviously the capitalist world eyes China’s frenzied growth, all the while asking itself: Does communism work after all? [Full text]

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