Tuesday, September 24, 2024

Nepotism makes it hard for China's middle class to get ahead

 Economist:

...people in China once accepted glaring inequality, remaining optimistic that with hard work and ability they could still succeed. But now they are more likely to say that connections and growing up in a rich family are the keys to success, ...
IRONY: the "peoples' republic" has less income/social/class mobility than the US.

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