×

After eight years, Macro Polo has ceased operations as the Paulson Institute will focus its independent research on supporting its programs as it continues to diversify its scope.

We appreciate the community that has grown around Macro Polo and the fruitful engagement we’ve had with our legion of smart and sharp audience. You’ve pushed us to deliver even more original work and innovative products. Our body of work speaks for itself, and we hope it will have a long shelf life – that was the intent from MP’s inception.

MP’s website is now archived and no new work will be published henceforth on this site. Please visit www.paulsoninstitute.org for future research and policy work on a range of global issues.

Thank you all for the support over the years, it has been a privilege to have had a home at the Paulson Institute and to have built it the way we did.

- Team Macro Polo

Close

The Builders

The Greatest (Sacrifice) Generation

The Builders

Selection 2022 Generations: Builders logo

The Pioneers

Selection 2022 Generations: Pioneers logo

The Globalists

Selection 2022 Generations: Globalists logo

The Wallflowers

Selection 2022 Generations: Wallflowers logo

**Chart is fitted to accentuate relative ideological leanings of each generation.

1949-1961

The Builders

The Greatest (Sacrifice) Generation

Size: 188 million (13.3% of China’s population)

Essential traits:
Equalizers
Harmonizers
Worriers

Overview

The closest analog to America’s Greatest Generation, the Builders are the backbone of modern China. They quite literally built the country, through blood, sweat, and tears. Before skyscrapers and bullet trains, the Builders were melting pots and pans in backyard furnaces to fuel China’s fledgling steel factories and skipping college to labor in the countryside.

Like the Americans whose lives were upended by the Great Depression and World War II, the Builders experienced repeated disruptions during their formative years. Their best years were punctuated by turmoil, and they didn’t fare much better during adulthood. Millions of mid-career professionals lost public sector jobs (下岗) as China reformed its state sector in the 1990s.

For all their sacrifice, political elites of this generation have the sense that they deserve to run China. Their views, particularly toward inequality and security, are shaped in part by their generation’s perennial feeling of abandonment by a modern China that has embraced capitalism and globalism.

As this generation now dominates Chinese politics, political leadership has doubled down on stability, equality, and “common prosperity” as foundational features of its policy platform. This generational cohort tends to oppose unfettered capitalism and favors support for the state sector.

Key Events

Builders timeline of key events

Essential Traits

Equalizers

A common refrain from the Builders is that although they had it rough, at least everyone was in it together. From that vantage point, they have a tendency to view Chinese society today as unfair and unequal because their hard-scrabbled and disciplined life did not get them ahead, even as younger generations have prospered.

It’s a sentiment captured in what has become a “memeified” quote on Chinese social media: “How come the Jack Mas of the world earn more in a day than we do in a lifetime?” It is a gripe that may sound familiar to anyone following the populist undercurrent in American politics.

This is a generation that is more likely to look approvingly at the recent crackdown against big tech. Not only is it difficult for the Builders to comprehend how tech entrepreneurs acquired vast fortunes in such a short time, they tend to be wary of anyone who appears “too big for their britches.”

In short, the Builders want to double down on the “common” part of common prosperity to equalize a society that has short-changed them. That idea of equality is usually centered on redistribution and stripping the exclusive privileges that the wealthy have on healthcare and education access, as well as private land ownership.

Harmonizers

The Builders may romanticize about the halcyon days of being equally poor, but they’ve also long lost their revolutionary zeal. They want more equality in society, but not at the cost of overturning the status quo. They oppose the excesses of capitalism but are just as critical of extreme leftist politics that ruined their teenage years during the Cultural Revolution.

This may make them seem like “centrists,” but it’s more that they opt for stability and security after a lifetime of lurching from extreme to extreme. Perhaps unsurprisingly, balance and harmony are key for The Builders, making their worldview relatively conservative with a small “c.”

For instance, this is the generation that would have ardently championed then-President Hu Jintao’s “Harmonious Society” agenda in the early-2000s as a long overdue course correction towards embracing the social equality ideals of the Mao era.

Worriers

Stability was a scarce commodity in the Builders’ lives—they took their lumps time and time again as China went through the growing pains of transforming an impoverished, agrarian economy into the world’s leading industrial power. That’s why Xi Jinping’s “stability” mantra rings true to so many Builders. For once in their lives, they want to be able to count on society coming through for them, rather than the other way around.

But when the Builders look at today’s China, they see a country that has seemingly abandoned them. This anxiety-ridden outlook isn’t just the byproduct of misplaced PTSD from their Sent- Down experiences—the Builders have legitimate reasons to worry that society will once again run rough-shod over them in retirement.

Weak social safety nets, combined with a demographic that’s increasingly unbalanced as a result of the One-Child Policy, mean that the Builders see themselves aging into an era of less protection and thinner cushions. With pension funds running low and China already raising retirement age requirements, the Builders might have to sacrifice again for the greater good—one last time.

It’s a tough lot to stomach, but worry and uncertainty aren’t new for a generation wizened by hardship. In fact, the latest worry for the Builders is China’s youngest generation, the Wallflowers. As grandparents might, the Builders often bemoan, and may even resent, the inability of the Wallflowers to “eat bitterness” (吃苦) and their tendency to chase fads. What will happen to the nation they sacrificed so much to build in the hands of their “lying flat” successors?

Representative Members

Xi Jinping portrait
Wang Jianlin portrait
Zhang Yimou portrait

Xi Jinping

Birth year: 1953 Profession: Politician Trait: Equalizer
Summary:

The current General Secretary of the Chinese Communist Party (CCP), Xi Jinping has been at China’s political helm since 2012.

The son of a prominent CCP revolutionary, Xi labored in rural Shaanxi Province during his teenage years as a Sent-Down Youth after his father’s purge during the Cultural Revolution. Xi experienced firsthand how erratic and uncontrolled politics could wreak havoc on Chinese society during his youth.

That’s why as China’s top leader, he has prioritized stability and common prosperity over growth, frequently invoking experiences during his formative years in speeches on national priorities.

**Creative license was taken in determining traits for the representative members. These traits are meant to capture the essence of their respective generations and should not be viewed as comprehensive characterizations of these members.