China's Gini Coefficient and Market Eco…

This is my translation of an article by Xue Cong on www.cesnew.com titled “Is Market Economy A Sure Cause for Wealth Disparity?” (dated August 14, 2007):- "Recently Mo Yu Xi’s 'the wealthy need to be protected' theory has stirred up heated debate in society. He said 'The difference between market economy and planned economy is that the former is centered on equality of individual (right) while the latter focuses on equality of the economy (income). In the former case, as one individual differs from another in that each has his own level of capability and share of luck, this inevitably leads to unequal distribution of income. In the latter case, equality in the economy is achieved by suppressing the more talented individuals, at the expense of individual right equality.'

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