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December 28, 2012 11:26 pm PST

China's Princelings: descendants of Mao's generals who control the country's wealth

This long-read from Bloomberg about China's "Princelings" -- the generation of hyper-rich oligarchs' children, descended from Mao's generals -- is endlessly fascinating. Wealth in China is even more concentrated than Russia, Brazil or the USA, and the Chinese looter-class use complex screens that take advantage of different ways of representing their names in English, Cantonese [...]


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/eM3yrGjWKdE/chinas-princelings-descenda.html

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