The destruction of China’s ancient traditions has its origins in Sun Yat Sen, first president of the Republic of China and founder of the Kuomintang, who had said, “The Bolshevik Revolution is a nationalist struggle. We were nor aware that Russia was fighting for nationalism. Moreover, the communism of her initial stage … has been modified to such an extent that it accords with our Principle of the People’s Livelihood.”
At an earlier stage, Karl Marx, in his comments on China, would speak of the developmental nationalism, which became the founding principle for the actions of the Communist Party (CCP), when Mao Zedong, promulgated his thesis of ending Western imperialism but leaving Chinese capitalism intact.
Consolidated as a basic economy, through the Leninist principle of “tactics,” with its maxim of, “one step forward, two steps back,” thus, furthered the development of the Cultural Revolution, and Mao’s Great Leap Forward.
Hu Ping, honorary editor-in-chief of the online magazine, Beijing Spring, told the Chinese edition of The Epoch Times, “Since its opening the Chinese Communist Party has adopted the approach of capitalism.”
And he added, “Jiang Zemin allowed capitalists to join the Party. Isn’t that strange?Communism was supposed to eliminate the bourgeoisie.”
However, Hu later quoted Jiang again to clarify the point, “Capitalism adopted the philosophy of absorbing excellent amounts of the private sectors into the Party.”
And this explains the rationale behind Xi Jinping’s “Common Prosperity” thesis, which obliges Chinese businessmen to contribute millions of dollars for communist infiltration into the West on pain of excommunication.
Related to this thesis, the editor of the Beijing Spring, said, “Facing China’s economic difficulties, Xi Jinping exploited the so-called common prosperity to harass the private sectors harvesting their wealth in the name of social responsibilities such as taxation and philanthropy.”
This is the foundation of the so-called social charity wave since the private sector flooded the CCP’s coffers, when, for example, the American Tencent promoted a $7.8 million aid fund for the victims of the floods in Shanxi.
And Chinese giants such as Ant, or Byte Dance, donated $47 million to the same fund. Recently, the privately owned developer Wanda Group announced that its top executives would drive around in cars with red Party flags.
The state-run newspaper, Xinhua Financial, alleged at the time that 30 CCP-affiliated businessmen had visited the legislature, to receive a philosophy lesson on common prosperity from Xi.
Jack Ma, a red capitalist and founder of Alibaba, tells us a love story
Jack Ma, who has lost a lot of money through the mechanism of common prosperity, remains devoted to red capitalism.
However, he confessed to Fortune Life, about Shao Yibo’s life, “He is a child prodigy, that is, a genius, especially in the field of Internet e-commerce. I have only achieved today’s success by stepping on the shoulders of this genius.”
Considered a Chinese genius, Shao won the first full scholarship to Harvard, and when he got it he said, “I applied to Harvard in 1990, my classmates and teachers thought it was impossible.”
From a very young age, Shao was introduced to mathematics by his father, then, when he was 11 years old, he won the Hua Luogeng gold cup in the first junior mathematics competition.
Once in the United States, he was recruited by two consulting firms, McKinsey, and Boston, and finally chose to work for Boston. He then returned to Shanghai when he fell in love with the Taiwanese woman, Bao Jiaxin, known in Harvard circles as “Little English Witch,” after one of her novel titles.
Bao, another student of record, left Taiwan to be educated in the United States, and there, after some ups and downs, she met the young Shao and they fell in love.
Later, she decided to return to Taiwan, and Shao gave up his annual salary of $200,000 for love, and decided to settle in Shanghai, to be close to her.
This love story within the red capitalism of China, starring the genius Shao Yibo, and the writer, Bao Jiaxin, connects the Chinese nationalist framework and red capitalism, where the certainty is that both ended with millennia of tradition.