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 Support the show