"In China today, what is now referred to as 'socialism with Chinese characteristics' looks a lot like plain old capitalism, in which the vast majority of people in the society work, and their labor is exploited by a tiny minority who own. Xi Jinping earned a PhD in Marxist ideology, and can therefore speak loquaciously commemorating Marx’s two hundredth birthday, but still say nothing of substance in regards to how China is actually run. The Western media still treats the country like the old bogeyman of Communist dictatorships, but the opposite is true: the country is a capitalist dictatorship. China reports lifting 750 million people out of poverty, and there is no denying that living standards have increased significantly since 1949. Despite this, inequality is massive..." Indeed. How odd the word socialism is in "socialism with Chinese characteristics"! The Chinese Revolution at Seventy