Rich

Rather than perpetuate the “giant baby syndrome” of mollycoddled citizens, says Lance Gore, the Chinese government should go against its combative instincts and focus on harmony. Only then can it forge an inclusive social contract with the populace, where there’s room for active citizenry and a healthy civil society.

With China’s increasing affluence, the nouveau riche are investing in art and cultural artefacts. Wu Zetian’s pleated skirt, exquisite paper from the Southern Tang dynasty, a painting by early 20th century painter Qi Baishi — authentic or not, all are fair game and acquired at the best price. What a shame, says cultural historian Cheng Pei-kai. If only the collector’s hand is not sullied by such commerce.

Lance Gore analyses that the knowledge economy offers great potential for bettering the lives of people. But capitalism may not be the best route to take. Power in the hands of a few, income gaps, job losses and wage cuts in the digital age bear this out. Can China offer a third way as it seeks to marry socialism with a market economy? The West is already considering some proposals with a socialist bent such as the Universal Basic Income (UBI). Surely, proponents of socialism can think of even more revolutionary ideas?

Lianhe Zaobao correspondent Yang Danxu talked to a Shanghai Didi driver whose family made nearly 20 million RMB (close to S$4 million) from the government's relocation exercises. His old properties measured just 35 square metres in total. What a way to get rich! But what are the problems that lie beneath the surface?