New struggle in China: Keep up with the Chans is a great article in the Christian Science Monitor that highlights the growing pains of China's move to a free market economy.
After 15 years of headlong marketization and material progress, China is at a transitional moment. Its leaders face the delicate task of managing a social contract that includes rising expectations - as well as adapting a one-party communist state and Confucian culture to the needs of an increasingly modern and educated populace, experts say......"The Communist Party is in the midst of an identity crisis. On the one hand, they want one-party capitalism and promote conspicuous consumption," says Mr. Brahm, who owns the Red Capital Club. "On the other hand, they have no values, are empty of real values. That lack of values is a taproot of the corruption, irresponsibility, and social disorder that the central government is concerned about."
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