So much for the benefits of Socialism
China’s rapidly widening income gap has reached dangerous levels, risking social instability by 2010 if the present trend continues, a government report warns.
“China’s growing income gap is likely to trigger social instability after 2010 if the government finds no effective solutions to end the disparity,” the Ministry of Labour and Social Security warned in the China Daily.
Su Hainan, president of the ministry’s income research institute, found income disparity in China had reached the crucial “yellow” stage — the second most serious in a scale of four defined by the institute.
The situation would deteriorate to the most dangerous “red” stage in 2010 if no effective measures were taken within the next five years, he said.
Violent protests and riots have become common among Chinese frustrated by soaring social inequality, massive corruption and illegal land requisitions, sparking government fears of triggering mass-scale social instability. (more…)
