I'd say the proper analogy is that of the old elites in nineteenth century northwestern Europe - either encouraging or going along with the capitalist revolution, but nervous about it as well. The landed aristocracy and their followers expressed their unease in the language of nostalgia for the lost hierarchical Gemeinschaft and noblesse oblige; the Chinese apparatchiks do so in the left wing discourse of their youth. In both cases it is a mixture of genuine concern and cynical attempt at retaining power. And in both cases, in practice their primary concern is trying to co-opt and intimidate the new emerging bourgeois elites into obedience, thus meaning that whatever worries they might have about the working class, when push comes to shove they'll crush independent working class activism whenever it genuinely threatens the interests of the bourgeoisie and their policies will be tilted towards helping the capitalist revolution with all its impact on the average population, good and bad.