Face funds: Political maneuvers around nonstate welfare in rural China
In semi-industrialized rural China, villagers are getting together to create their own micro welfare state. In response to inadequate state support for the poor, disabled, and especially elderly of the village, entrepreneurs form rotating credit associations and underground banks that finance welfare schemes exclusively for those who hold a household residency in their village. Most of these schemes eschew any formal engagement with the state, but where money, legitimacy, and social stability...[Show more]
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