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Video & Multimedia

Iwillnevergiveup

(9,298 posts) Mon Mar 4, 2013, 03:14 AM Mar 2013

60 Minutes: Zhang Xin - China's Real Estate Mogul

http://www.cbsnews.com/video/watch/?id=50142078n

This was a jaw-dropping story both of a young woman who went from abject poverty to billionaire status and from a country that looks to be on the verge of a real estate bubble.

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60 Minutes: Zhang Xin - China's Real Estate Mogul (Original Post) Iwillnevergiveup Mar 2013 OP

Which only goes to show you that capitalism works well under totalitarianism. fasttense Mar 2013 #1

How poignant Iwillnevergiveup Mar 2013 #2

fasttense

(17,301 posts)

1. Which only goes to show you that capitalism works well under totalitarianism.

Reply to Iwillnevergiveup (Original post)

Mon Mar 4, 2013, 11:12 AM

Mar 2013

In fact I would go so far to say that capitalism works best under a totalitarian government.

Therefore capitalism is a far, far cry from democracy. Like in the US that pretends to be a democracy is actually a neo-fascist country.

It may even be that capitalism and democracy are incompatible.

Iwillnevergiveup

(9,298 posts)

2. How poignant

Reply to Iwillnevergiveup (Original post)

Mon Mar 4, 2013, 03:02 PM

Mar 2013

that Zhang Xin said the thing Chinese yearn for the most is democracy. And would they be yearning for what we have in the U.S.? Ours seems to be slipping away.

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