Commentary
China’s economy is in a serious and prolonged downward spiral.
What better time for China to return to its Maoist roots?
After all, China was the paragon of economic growth, technological innovation, and stability under former leader Mao Zedong, right?
Nonetheless, the Chinese Communist Party’s (CCP) “new” economic and political policies are turning the country’s economy away from its blend of state and private capitalism into the dark, Maoist model of the past.
Even more staggering is that the CCP is doing so intentionally. Major policy changes are being institutionalized by the CCP leadership, which will further damage China’s already declining economy….