I love the irony in this paragraph.
“Senior Communist Party officials also have a history of warning against ‘the trap of welfarism,’ saying the country aims to encourage people to accumulate wealth through hard work. There are also practical constraints to handouts, including local governments’ deteriorating finances and ensuring fair distribution.”
As long as humanity has money, there will be capitalism.
https://finance.yahoo.com/news/pboc-adviser-says-china-urgently-003928260.html