Saturday, September 7, 2013

Wang Qishan Realizes that Chinese People Like Stuff

It might be the Ferraris that are parked outside the weekly meetings of the Beijing Super Car Club.  It might be the fact that the sons and daughters of the super rich go around drinking 65rmb beers all night.  It could well be the fact that almost everyone takes out a 47% interest loan just to be able to buy a iPad Mini, but something tells Wang Qishan that Chinese people are too hedonistic.

Call it Spidersense, call it women's intuition,  Wang, 65 and childless has finally figure that Chinese people like stuff.  They like expensive stuff, and they like a lot of it.  But Wang believes that the best things in life are free, and Chinese people should try to live frugally just like their grandparents did in order to counter the "Highly infectious hedonism and extravagance" that has taken root in Chinese society.

A baffling message to put out publicly, since most of the Party's propaganda relies on promoting the idea that greed is good, it's probably more aimed at the few remaining idiot officials who think that they can get away with backhanders and getting caught on tape screwing their 21 year old mistresses.

Usually, the very fact that Chinese people can go out and buy a Lamborghini and several Tibetan hookers to go with it is a positive sign of the CCP's leadership, but as the War on Corruption continues, another reminder that the Central Commission for Discipline Inspection will find out exactly what you've been running up credit on.  For now, to get rich might be glorious, but you'd better be sensibly investing the money in Chinese tech stocks (are you sure? Ed.) instead of stocking up on Rolex watches.
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