It’s not exactly communism any more. It’s fascism. Only favorites get rich—those who excel in conforming and avoiding dissent.
You may be wrong...China has created ONE MILLION NEW millionaires in last 2 decades. If that is crony capitalism, that is a lot of cronies.
The secrets to China’s wealth success are:
1) cheaply bought or stolen technology from west.
(I know this first hand)
2) cheap labor which works hard
3) No EPA
4) No unions
5) No tax on capital gains (not 100% sure of this item)