China’s “socialist market economy” won’t mimic Western-style capitalism just as democracy has not followed from prosperity. BY NATHAN GARDELS – Nathan Gardels is the editor-in-chief of Noema Magazine. “To get rich is glorious,” China’s then paramount leader, Deng Xiaoping, declared at the outset of China’s “reform and opening up” in the 1980s. This was his provocative rejoinder in those days to the just-vanquished Gang of Four and others in the Cultural Revolution who had long castigated his views on rapid development as “taking the capitalist road.” In the ensuing decades, the robust enterprise Deng unshackled was a key factor, along with … Continue reading It Is No Longer Glorious To Get Rich In China