Susan Jakes, a doctoral student in Chinese history at Yale University and a Senior Fellow at the Asia Society, has spent many years living in and writing about China.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality – posing a threat not only to economic growth, but also to democracy.
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