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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

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Builders

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.


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