TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

The Chinese government is censoring criticism of its economic policies ahead of their power transition:

Publicly controlled enterprises have become increasingly lucrative, generating wealth and privileges for hundreds of thousands of Communist Party members and their families. And in a clear sign of its position, the government has moved to limit public debate on economic policy, shutting out voices for change. While political reform has always been a taboo topic in China, in economics, from the late 1970s to the early 2000s, almost anything went, with powerful voices backing strong measures that challenged the status quo. But now, despite the rise of social media, fewer prominent voices within China are able to make the case for a systemic overhaul that would prepare the nation for long-term prosperity on sturdier foundations.

China is at a very important juncture that, I think, will be nearly as important as the transition after Mao’s death. It’s disconcerting that the party seems to be backsliding on reform.