China Moving to Capitalism as Fast as America is Moving to Socialism

From Reuters: When China marks the 30th anniversary of its economic reforms this month, it will pass another milestone -- the Communist Party will have spent as many years trying to unwind a Marxist economy as it did imposing it. Nowhere has this played out more starkly than in Beijing's crowded brick hutongs, or alleys. There, migrants from northern China, seeking their fortune in the big city, live side-by-side with workers from bankrupt firms who can no longer count on the cradle-to-grave security that was a bedrock of the socialist system. Creating a new social safety net for millions of workers cast adrift in the past 15 years has emerged as a key challenge for the Communist Party -- especially given the global economic downturn could create waves of more unemployed.