Some reflections on the experience of Shanghai capitalists after 1949 prompted by the ‘Notice to Merchants and Intellectuals’ that Mao issued after taking Changting in 1929.

Further reading:
Stuart Schram, ed., Mao’s Road to Power, vol. 3: From the Jinggangshan to the Establishment of the Jiangxi Soviets, July 1927-December 1930
Yao Wenyuan, “On the Social Basis of the Lin Piao Anti-Party Clique” (for heavenly horses reference)
David Apter and Tony Saich, Revolutionary Discourse in Mao’s Republic
Lynn White, Policies of Chaos: The Organizational Causes of Violence in China’s Cultural Revolution
David Barbosa, “Rong Yiren, a Chinese Billionaire, Dies at 89”

Some names from this episode:
Wu Zhongyi, Shanghai capitalist
Rong Yiren, Shanghai capitalist

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