From time to time I am asked what I am going to do with my summers. Am I going to get a job? An internship? What productive, respectable use will I make of my time? The answer is no such use at all–I spend my summers enjoying myself. Why? Because time is valuable.
The official name is the People’s Republic of China, in case you might forget. You’d be forgiven of course–today’s China does not look much like a “people’s” anything. Increasingly socially and economically stratified, China’s one-party system is about the full extent of its communist or socialist leanings. Or at least, so it seems if you believe a new study out from a Chinese university in Chengdu, which puts China’s Gini coefficient at an utterly ridiculous 0.61.