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You're correct, it might be too soon to say mastered. But they are striking a balance that has not been seen in the modern world, the fact that their economy is
by 40acres 8y ago
You're correct, it might be too soon to say mastered. But they are striking a balance that has not been seen in the modern world, the fact that their economy is so strong and so central to the global economy is a very big advantage.
It's one thing to try to balance authorities and free market policies in Venezuela, or even Russia, but China has a massive advantage in population and strength of the economy. The USSR was no where near where China is even at the height of its powers. China is moving more into a service based economy and has plans to become a major importer. Xi honestly IS the biggest threat but relatively speaking, there have been really successful nation-states that have similar consolidated power and have been historically successful.
I think we are way to sure of ourselves that China will fail with this model, but so far they are doing an excellent job all things considered.