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China’s hammer blow to private education shows it will do whatever it takes to meet its goals

6 15 0
26.07.2021

In a spectacular display of government authority, China has, with the stroke of a pen, demolished its $120-billion private education industry by forcing it to reform into a non-profit initiative. The move has cost at least one billionaire his fortune.

It follows a number of crackdowns waged by Beijing against various sectors of the economy which were deemed to contravene the national interest. The ruthlessness of such sudden decision-making has undoubtedly shocked Western observers and capitalist advocates, yet its purpose appears to be twofold.

As highlighted by Reuters, Beijing is dismantling a sector which is not only exacerbating the inequality of education among rich and poor, but is also increasingly perceived as an obstacle to the country’s fertility rates. So now the hammer has come down on it as a social disruption. It shows that Beijing is prepared to do whatever it takes to meet its national goals, and is another example of how the Chinese Communist Party’s authority has stiffened against the creeping liberalization which the West once welcomed.

Education is of exceptional importance in east Asian societies, and is often considered a determining factor in a family’s status. Parents invest heavily in........

© RT.com


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