Shake up in Chinese leadership

This is significant because the ousting of Bo Xilai is a signal that there is no going back to the old, state-dominated socialist model. China doesn't exactly have unbridled capitalism, and there is much corruption which distributes the benefits of the market reforms unevenly. Bo's more traditional model was the favorite of leftists who think that government can mandate equality. Reuters: Ambitious Chinese Communist Party leadership contender Bo Xilai has been toppled from his post as head of the inland city of Chongqing, in a move risking a backlash from backers of his controversial vision of socialist growth. His abrupt downfall, announced on Thursday by the official Xinhua news agency, exposes ideological divisions as a new generation prepares to take power in China later this year, and may stir tensions between supporters of his more traditional, state-dominated version of socialism, and liberal critics, who saw him as a dangerous opportunist. Bo was removed as party boss...(Read Full Post)