The collision has certainly made for interesting scenes in Nanjing, a coastal city near Shanghai. Capitalism is alive and well here—as attested by the Gucci and Italian Leather stores in the seven story shopping malls.
I worry, though, that it is the type of capitalism that put thousands in abject poverty as factory workers in Nineteenth century England. Will China see it’s middle class—perhaps the biggest in history—grow richer at the expense of the poor? Perhaps, but I am still maintaining hope that eventually cultural and traditional forces will not allow it. I guess I am just hoping that transparence can be improved and then maintained while providing a unique model to the world. Because (and regardless of the best efforts of the modern right-wing) it remains that conservatism and compassion do not go hand in hand . One is an economic theory—the other a principle of morality. Compassion can appear within capitalism, as it often does in America, but it is not required nor does it help the system.
Where will the Chinese go as they feel the powerful tug to abandon traditional values?