{"id":2571,"date":"2021-08-21T15:39:38","date_gmt":"2021-08-21T13:39:38","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/08\/21\/the-partys-over-china-clamps-down-on-its-tech-billionaires\/"},"modified":"2021-08-21T15:39:38","modified_gmt":"2021-08-21T13:39:38","slug":"the-partys-over-china-clamps-down-on-its-tech-billionaires","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/08\/21\/the-partys-over-china-clamps-down-on-its-tech-billionaires\/","title":{"rendered":"The party\u2019s over: China clamps down on its tech billionaires"},"content":{"rendered":"

The startling rise to wealth of the nation\u2019s entrepreneurs has been an affront to Beijing\u2019s political philosophy and increasingly, a threat to the communist party<\/p>\n

In a Politburo group study session<\/a> on 23 November 2015, China\u2019s president, Xi Jinping, recommended the book Capital in the Twenty-First Century <\/a><\/em>by the French economist Thomas Piketty. \u201cThe rich data he used demonstrated that \u2026 unrestrained capitalism accelerates wealth inequality \u2026 [His] conclusion is worth us pondering on.\u201d<\/p>\n

Back then, Piketty\u2019s work on inequality was reported all over the world and sparked soul-searching among elites from Wall Street to Main Street. Some were surprised that Xi was paying attention, too.<\/p>\n

Continue reading…<\/a>
\nThe startling rise to wealth of the nation\u2019s entrepreneurs has been an affront to Beijing\u2019s political philosophy and increasingly, a threat to the communist party
\nIn a Politburo group study session on 23 November 2015, China\u2019s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. \u201cThe rich data he used demonstrated that \u2026 unrestrained capitalism accelerates wealth inequality \u2026 [His] conclusion is worth us pondering on.\u201d
\nBack then, Piketty\u2019s work on inequality was reported all over the world and sparked soul-searching among elites from Wall Street to Main Street. Some were surprised that Xi was paying attention, too. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

The startling rise to wealth of the nation\u2019s entrepreneurs has been an affront to Beijing\u2019s political philosophy and increasingly, a threat to the communist party In a Politburo group study session on 23 November 2015, China\u2019s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. \u201cThe rich …<\/p>\n

The party\u2019s over: China clamps down on its tech billionaires<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":2572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2571"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=2571"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/2572"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=2571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=2571"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=2571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}