China IS socialist. All land is publicly owned, and all peasants are GUARANTEED the right to land. There's a reason why the quality of life in China is much better than that of the average country.Welcome to capitalism. Would you rather China revert back to socialism? There are only two types of countries in the world. In the first type, the only way to be wealthy is to be born wealthy. In the second type, the only way to be wealthy is to be born wealthy, or alternatively work extremely hard. There is no country in the world where you can be born not wealthy and become well off by just working at a moderate pace. This utopia you imagine where people can work 35-40 hours a week and not have to worry about money doesn't exist in the real world (outside exceptions that tend to be tiny nations with extreme amounts of natural resource wealth).
This is a map of median wealth (US dollars) per adult. As you can see China is far better than most countries except for developed countries, which has less people in all of them combined than China. If China was capitalist, it would be just as poor as other developing/middle income countries.

BTW the Yuan is undervalued by 15-40% so the average Chinese should be 15-40% Richer than this map depicts.
