Your entire post is self-contradictory in nature. On the one hand, you are talking about the superiority of China's system over that of Western capitalism. But you are also against the result, which is creation of billionaires, which China's system is doing faster than all the Western systems. You don't know what's good or bad and you don't know what you are criticizing.
That is why this China discussion in the forum in general is so fascinating.
After a while, Chinese realize, the most interesting thing is China!
What is going on now in China, is unknown, but it is working.
What is working? Communism. No, capitalism. Who cares! The Orange Cat catches mice. I think we should care, it is interesting.
China today, we cannot refer to any textbook. Classical Marxism had the proletariat and the bourgeois. One criticism against Classical Marxism, there was no middle class, as the middle class only rose later. Would Marx have thought differently if there was a middle class in his time? The middle class in America fervently rejects Marxism.
Today in China, it has kind of moved beyond that too. China has moved beyond the classical concepts IMHO.
One key difference between the west and China, in the west capital is above the government. In China, the government is still above capital. The CCP makes the policy, and not lobby backed by rich corporations.
Then in the practical day to day sense of running this, it just seems so weird and different. The Communist government of China, collects tax revenue, which is capital too, from enterprises earning profits in the free market. Talk about ironies of ironies. (Next, that tax revenue is recirculated back into the free market, perpetuating this process, along with solid economic growth).
(Logically, that would mean the communists are supporting the capitalist.)
That is why Gordan Chang thought is so persuasive. These contradictions should destroy China according to western sensibilities, exemplify of Gordan Chang though. But these contradictions are what propels China forward.
China is getting the better of America because it is practicing capitalism better, but this is a communist state, where we still read officials doing the self-criticism, sort like still in the GPCR days.
What will happen next? Who knows. The experiment of life and China continues.
