Inequality Based on Power and Capital is Becoming Unsolvable in China: Integrating Culture and Comprehensive Wealth to Approach a Power–Capital Economy
Jinhyoung Kim
Abstract:This study assesses China’s power–capital economy model, linking it to cultural tightness and comprehensive wealth. The analysis indicates that cultural tightness interacts with the power–capital economy, and unequal distribution of diverse tangible and intangible wealth might result from differences in cultural capital. Power–capital-based inequality widened during the reign of Xi Jinping. Of note, the worsened inequality would be unsolvable because of the political power or government-led power–capital-based… Show more
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