As mentioned before, China's growth is rapid, but they do run into snags now and then. Fraud and corruption are two major issues that drive away investors, and may be the ceiling to China's growth.
When is China going to realize that in order to become a major economic power, they need to be running a clean ship? Again, the government sees and recognizes this problem, but not enough is being done. China is growing fast. Authorities are too slow in employing standards to curb the trouble that comes with rapid growth.
A reader left a comment mentioning that perhaps communism suits China best, and that they are not ready for capitalism/democracy. I see where this is coming from, but I disagree. Communism is like a whole bunch of people standing in a very straight line. Anyone who steps out of line is removed from the picture. That is what China looks like right now. They act like robots: sure, they can make sound decisions, but they are inflexible. There is no opposition to keep the current authorities in check.
Being the only communist nation left in the world, China probably feels like they are being rejected by the rest of the world. Rejection can lead to stubbornness. Perhaps China is slow to change in reaction to the pressure imposed on them by the rest of the world. At the same time, there is no one within China to suggest they do otherwise. Besides, if the economy is booming, and people are getting rich, what's the point in doing the extra work? I'm guessing that some Chinese officials think like this.
So how can communism be defeated? It will take either a revolution, or an economic meltdown to initiate change. As we have seen in the past, even a large scale protest will not affect China's politics. It doesn't look like China will face any economic woes in the near future either. What a daunting task.
When is China going to realize that in order to become a major economic power, they need to be running a clean ship? Again, the government sees and recognizes this problem, but not enough is being done. China is growing fast. Authorities are too slow in employing standards to curb the trouble that comes with rapid growth.
A reader left a comment mentioning that perhaps communism suits China best, and that they are not ready for capitalism/democracy. I see where this is coming from, but I disagree. Communism is like a whole bunch of people standing in a very straight line. Anyone who steps out of line is removed from the picture. That is what China looks like right now. They act like robots: sure, they can make sound decisions, but they are inflexible. There is no opposition to keep the current authorities in check.
Being the only communist nation left in the world, China probably feels like they are being rejected by the rest of the world. Rejection can lead to stubbornness. Perhaps China is slow to change in reaction to the pressure imposed on them by the rest of the world. At the same time, there is no one within China to suggest they do otherwise. Besides, if the economy is booming, and people are getting rich, what's the point in doing the extra work? I'm guessing that some Chinese officials think like this.
So how can communism be defeated? It will take either a revolution, or an economic meltdown to initiate change. As we have seen in the past, even a large scale protest will not affect China's politics. It doesn't look like China will face any economic woes in the near future either. What a daunting task.
1 comment:
China is... ai..
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