In These New Times

A new paradigm for a post-imperial world

Soros’ dream: To turn China into a neoliberal grabitization opportunity

Posted by seumasach on September 6, 2021

Michael Hudson

Counterpunch

2nd September, 2021

Soros gives his game away by stating that “Xi does not understand how markets operate.” What he means is that President Xi rejects rapacious rent-seeking, exploitative free-for-all, and shapes markets to serve overall prosperity for China’s 99 Percent. “As a consequence, the sell-off was allowed to go too far,” Soros continues. What he means is, too far to maintain the dominance of the One Percent. China is seeking to reverse economic polarization, not intensify it.

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