Don't forget, that this "ghetto-zation" you are speaking of was already there and much more pervasive (i.e., everyone lived that way). Now, there is a something better to contrast this to. And like any new development, someone has the priviledge to get their's first.
China is building upwards around 7 billion square feet of housing every year. Do you honestly believe that just a few just keep hoarding all the housing and thereby increasing their personal inventory of housing while everyone else continue to live in squalor? Millions of new housing units are being built in China every year. But there are over a billion people living in China. Originally, they all lived in 3rd world housing. I mean, it really is just a matter of mathematics. If China has about 300 million house holds, and China constructs roughly 10 million housing units per year, it'll take at least 30 years to provide the country with housing with modern amenities. So, in the mean time, there will be a big contrast between the haves and have nots. Those "ghetto's" will still be around for years to come even as China stretches the world's resources to build housing for it's people.
I was in Seuol back in 91. I was surprised that there was still alot of poverty there. But whatever the poverty level, I am sure Seuol was alot better in 91 than in 53. This applies to any city in China, 2005 is better than 1985. And I'm willing to bet in 2020, the getto's of Shanghai will be significantly smaller (though still there along with the naysayers) and the skyline several times more brighter.
that's saying a whole lot of nothing. Basically, you are saying giving enough time and continuous economic growth, everything will work out for China to go from 3rd to 2nd to 1st world status ...
well .... duh, no kidding. Give enough time horizon and favorable socio-politico-economic environment, everything will work out just fine :) that's a pretty unassailble position to take :)
except as JMK once famously quipped, "in the long run, we are all dead".
the real challenge with China is not to assume a set of favorable conditions where everything will work out for the best in the long run - it's whether the short term disolocation and shock to the systems as you try to build up a fundation of strong center and try to bring everyone back towards the center can be properly managed without going through one or more socially and/or politically and/or economic cycles.
That's all I'm saying - there is a strong undercurrent of short term tension and inbalance that can't be easily dismissed as "oh, just wait another 20, 30, 40, 50 years and everyting will be fine" - maybe the PRC bureaucrats are very capable and the success of the transition to 1st world status WITHOUT any major socio-politico-economic jolt or pain MAY just work out, ... but I think it's far from given.
that's saying a whole lot of nothing. Basically, you are saying giving enough time and continuous economic growth, everything will work out for China to go from 3rd to 2nd to 1st world status ...
well .... duh, no kidding. Give enough time horizon and favorable socio-politico-economic environment, everything will work out just fine :) that's a pretty unassailble position to take :)
except as JMK once famously quipped, "in the long run, we are all dead".
the real challenge with China is not to assume a set of favorable conditions where everything will work out for the best in the long run - it's whether the short term disolocation and shock to the systems as you try to build up a fundation of strong center and try to bring everyone back towards the center can be properly managed without going through one or more socially and/or politically and/or economically disruptive (maybe even destructive) cycles.
That's all I'm saying - there is a strong undercurrent of short term tension and inbalance that can't be easily dismissed as "oh, just wait another 20, 30, 40, 50 years and everyting will be fine" - maybe the PRC bureaucrats are very capable and the success of the transition to 1st world status WITHOUT any major socio-politico-economic jolt or pain MAY just work out, ... but I think it's far from given.