3 ms·

Actually I might put money into China off this news. Irrespective of other risks of China - the state capitalist model is working and Xi is going to hold to thi

• fjsolwmv 9y ago
  If this system is working well (I'm not judging), and the only way to sustain it is to annoint a dictator for life (because the rest of the Communist Party won't support this system?) then something is dangerously wrong.
  • frgtpsswrdlame 9y ago
    No dictator for life has been appointed, they just repealed the presidential term limit. Xi has been in office five years, america had FDR for 12 years.
    • AnimalMuppet 9y ago
      FDR would have been 16 years, but he died after 13. But he didn't repeal a term limit. There was a two-term limit in precedent, but not in law, so FDR didn't have to repeal anything. But people saw that, and put a two-term limit in law. Any future FDR or Xi in the US will have to change the law. And yes, that will set off warning alarms in the US, if it ever happens.
      • liberte82 9y ago
        Warning alarms have been ringing since the start of the last US election, warnings won't be enough to stop it from happening.
        • AnimalMuppet 9y ago
          > Warning alarms have been ringing since the start of the last US election... Agreed. > ... warnings won't be enough to stop it from happening. Here I disagree. For it to happen in the US now would require a constitutional amendment. I don't see any way that would happen now. Especially since seeking one would make the alarm bells ring much louder. Or, for it to happen now would take ignoring the constitution. I'm pretty sure that would trigger a civil war. Either way, in the US it's much harder than just having a party congress decide that it will be so.