It is hard to decide which of these two groups has been most successful in capturing a disproportionate share of its society's wealth. Each group has been phenomenally successful in its own way.
THE CHINESE COMMUNIST PARTY
Meanwhile the world is getting a glimpse of the immense wealth that has been captured by China's elites as they rush to get the money out of China. Eg Chinese buying has sent the price of Bitcoins to equal the price of gold.
The 80 million members of the Chinese Communist Party (5.5 per cent of the population, not 1 per cent) are clearly worried:
As a result the CCP, who have captured the lion's share of China's wealth, are doing two things:
- exporting capital as fast as possible and,
- through their chosen Premier Xi Jinping, introducing reforms to allow them to export more capital more quickly, while also opening up opportunities for the masses to do a bit better through individual capitalism.
Source:
http://www.businessspectator.com.au...great-vested-interests-bankers-and-communists