Why can’t any government in the world aim to tax ultra rich more whilst making easier for small to medium large businesses to thrive. And policies on property supply rather than property buyers like all sorts of first time buyers programs.
Why are only same old policies keep being peddled when the world is still going to shit?
That doesn’t involve reducing the government size and budget entirely or subscribing to any extreme left or right?
Yes. The property supply is a big one for them, that’s where the “ghost cities” narrative comes from, they intentionally build rapidly in anticipation for future demand. They do have wealth inequality, but they seem to be focusing more on directly combatting underdevelopment and poverty than making a point to punish their wealthiest, as they are wary of repeating some of the more dogmatic consequences of the Cultural Revolution, putting Class Struggle above the other foundations of Marxism, rather than alongside. Ie, you can’t just kill Capitalists or sieze their assets to turn a largely underdeveloped economy into a developed and complex publicly owned one, you have to develop into one, and that requires a more methodical approach that analyzes which firms are large or small, and which industries or sectors hold power over others.
If Marxism’s key observations of markets are “correct,” then centralization of markets are an almost assured bet, and as that happens, more and more industry can be publicly owned and planned directly, so the wealth inequality problem is one that almost fixes itself as long as the CPC continues to place a large emphasis on combatting corruption (which used to be a much bigger issue in the past) and directly appealing to the people via large programs like the Extreme Poverty Eradication Program.