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Bingo. There is no historical law which states that more control enables more stability. Overly-controlling situations can just as easily cause more harm than g
by rm_-rf_slash 9y ago
Bingo. There is no historical law which states that more control enables more stability. Overly-controlling situations can just as easily cause more harm than good. China saw that play out repeatedly under Mao, while at the same time America's many attempts to control the Vietnam War ended in abject failure.
I think the real danger, however, is not what the CCP controls, but rather the peripheries that it cannot control, such as shadow banking and capital outflows (think the newly middle/upper-middle class Chinese family parking assets in overseas real estate; China's government cannot exert eminent domain in Vancouver or Miami).