What?!?
State Owned Enterprises (SOEs) account for the majority of Chinese GDP, so the connection between the Communist Party and economic activity has always been close. But how does it make sense for China's richest person to be a member of the Communist Party? Jack Ma, China’s Richest Man, Belongs to the Communist Party. Of Course. Jack Ma, China’s richest man and the guiding force behind its biggest e-commerce company, belongs to an elite club of power brokers, 89 million strong: the Chinese Communist Party… It may sound contradictory that the wealthy Mr. Ma belongs to an organization that got its start calling for the empowerment of the proletariat. But Mr. Ma’s political affiliation came as no surprise to many Chinese and China watchers. Though it still publicly extols the principles of Karl Marx, the Chinese Communist Party largely abandoned collectivist doctrine in the post-Mao era, freeing private entrepreneurs to help build the world’s second-largest economy after the United Sta...