Three decades after China enshrined the goal of a “socialist market economy” in its constitution, the era of “reform and opening up” appears to have ended, say experts. Thirty years ago, on March 29, 1993, China formally...
Socialism had its golden age after World War II. Taxes in the belligerent countries had gone sky-high during the War; people had got used to paying high income taxes. Governments had no use for the...