Luxury yachts pictured at The Monaco Yacht Show. Such symbols of economic success are celebrated in the US, whereas Beijing has cracked down on extravagant displays of wealth. Photo: AFP
Cathy Holcombe
Opinion

Opinion

The View by Cathy Holcombe

Beijing’s crackdown on wealthy excess puts the US to shame

Trump and Clinton’s past behaviour exemplifies America’s acceptance of greedy decadence and puts capitalism in a bad light

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Luxury yachts pictured at The Monaco Yacht Show. Such symbols of economic success are celebrated in the US, whereas Beijing has cracked down on extravagant displays of wealth. Photo: AFP
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