NO MAO! NO MAO!

Other blogs, such as (hat tip) Marginal Revolution, are asking readers to guess what's missing from China's new 10-Yuan note. I, on the other hand, have already mentioned the fact as a cheap pun in the headline:


Apparently taking John Lennon's advice about carrying pictures of Chairman Mao, this removal is one more encouraging step toward a society itself a couple times removed from "socialism with Chinese characteristics." Many of the economic reforms have been instituted, and now it is only the symbolic affectations that remain. Sometimes those are even more difficult to change.

Labels: China, Money

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posted by WWB at 10:12 AM |