Leader: Property rights in China | China's next revolution | Economist.com
Full article: Governing China | Caught between right and left, town and country | Economist.com
Interesting article about the emerging development of property rights in China. The question is, whose rights will the new laws protect? The peasants in the countryside who have farmed their land for generations but technically still "lease" it from the communist party? Or the middle class elite who have "looted the state as it has privatized assets". The article suggests two possible revolutions on the horizon, one decidedly anti-Maoist: the one led by the "property-owning middle class" that new property right laws will help, and the other the backlash of the frustrated peasant class in the countryside who may be left behind by the proposed laws.
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Full article: Governing China | Caught between right and left, town and country | Economist.com
Interesting article about the emerging development of property rights in China. The question is, whose rights will the new laws protect? The peasants in the countryside who have farmed their land for generations but technically still "lease" it from the communist party? Or the middle class elite who have "looted the state as it has privatized assets". The article suggests two possible revolutions on the horizon, one decidedly anti-Maoist: the one led by the "property-owning middle class" that new property right laws will help, and the other the backlash of the frustrated peasant class in the countryside who may be left behind by the proposed laws.
"Clearer, enforceable property rights are essential if China's fantastic 30-year boom is to continue and if the tensions it has generated are to be managed without widespread violence."
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