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People here are very dismissive of 1, but IMO they are being short sighted. Dictatorships are brittle, their power is extremely secure, up until it isn't. When
by lacampbell 7y ago
People here are very dismissive of 1, but IMO they are being short sighted. Dictatorships are brittle, their power is extremely secure, up until it isn't. When the communist party rule does end, I think it will happen quicker than people think and catch a lot of people by surprise.
Not willing to stick my neck out with a prediction though.
For 2), I think the answer is yes. Chinas rapid transition from a low to a middle income country was remarkable, but I think the zeitgeist got a bit too excited about it (just as they did with Japan 30 years ago). I don't see any contenders to US economic power in the near future - China will be competing with India, not the US.