Henry Gao(@henrysgao):@tabletmag income distribution system is designed to extract maximum surplus from households, leaving them with limited purchasing power. Weak consumption is not a bug of the Chinese system: it is its defining feature.

Henry Gao

@henrysgao

Prof of Law @SgSMUYPHSL; Senior Fellow @CIGIonline; Board Member @AJIL_andUnbound, @JIEL_OUP, & @hinrichfdn. All views are my own. Feel free to quote.

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Henry Gao@henrysgao

2026.02.14 14:33

@tabletmag income distribution system is designed to extract maximum surplus from households, leaving them with limited purchasing power. Weak consumption is not a bug of the Chinese system: it is its defining feature.