Billionaires banished. Celebrities canceled. Private businesses wiped out overnight with the stroke of the ruling communist party's pen, along with a ban on the once-common practice of raising money offshore.

Ultraleftists call Xi Jinping's policy upheaval a new revolution that takes a harder line on everything from runaway capitalism to effeminate male pop stars. © Illustration by Daniel Garcia
The new 'common prosperity' doctrine hearkens back to the Mao era