For anyone who dreams of and pursues “absolute equality and common prosperity for all,” Huaxi Village in China came close to being that utopian dream; the only problem is, after enjoying world renown as “the richest village in China” for decades, Huaxi is now facing bankruptcy. In late February, a short video of hundreds of people lining up in rain in front of a building in Huaxi Village was circulating on the Internet. It looked like a run on banks by worried villagers seeking to withdraw their savings. Chinese language media confirmed that the Chinese Communist Party (CCP) branch in Huaxi Village said the video was authentic but claimed that the village had no problem paying its debts and had sufficient funds. However, one villager, Mr. Li, who lined up in the rain, told the local media outlet that the reason why villagers were panicked was because from Feb. 24, …