Yeah, Red China does capitalism so well that almost 15% of their people benefit from it.
YES! Once again, TIME takes one of the over-hyped issues of the day, and issues a milktoast opinion that is exactly wrong. Mao set the conditions for today's "success" in China. Yes, China allows small and light industry to operate somewhat freely (under Gov't and Party supervision, of course), but the remainder is state-owned, and state-directed, crony capitalism at its worst. 10-15% of people, those close to the levers of power, do well - The average Chinese worker or farmer is still, ultimately, a slave to the state, where the goals are still "production."