Although a Maoist term, Xi Jinping’s ‘common prosperity’ has little in common with radical egalitarianism. The concrete policy proposals that we have seen to date — like those in Zhejiang’s Common Prosperity Polit Area — are relatively modest and below the standards of many modern welfare states, writes Torsten Weller China’s dramatic crackdown on the country’s tech firms is turning into a broader reform of the welfare system and a …
