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I think it's implicit that we're discussing the China of the present, not the past. Arguably, the fact that the government was smart enough to change course and
by lukifer 16y ago
I think it's implicit that we're discussing the China of the present, not the past. Arguably, the fact that the government was smart enough to change course and get out of the way (somewhat) is evidence of sound decision-making.
(My opinions regarding China are neither strong nor well-informed, I'm just playing devil's advocate.)
- rubashov 16y ago> China of the present China is not well run. The economy remains under the heavy thumb of the state and is not really serving the needs of the people. Consumption as a share of GDP is actually going down. Massive malinvestments from state connected banks and industries are piling up and will explode. The regional party bosses are still basically highly corrupt gangster thugs. The only way you can look at china and think "Success STory!" is by drawing a GDP or foreign reserves chart. It says nothing about being a person under the chinese government.
- eru 16y ago> I'm just playing devil's advocate. Hey, I was doing that. (Though I do actually believe that the recent Chinese success is owed to ordinary Chinese not their government.) Though you can't deny that Deng Xiaoping was infinitely more sane than Mao.