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I think it's easy to say their "legitimacy" or "stability" depends on high growth rates, but I don't think that's necessarily the case. I would love to hear eve
by loufe 6y ago
I think it's easy to say their "legitimacy" or "stability" depends on high growth rates, but I don't think that's necessarily the case. I would love to hear even one genuine expert on the subject make the case for a revolution in even the 30 years following a drop from insane growth back to earth.
- Retric 6y agoChina growth rate during recovery was actually depressed compared to several developing nations. So even the basic premise doesn’t fit the actual data. Long term compare the People's Republic of China (China) and the Republic of China (Taiwan) after the war based on per capita GDP and the mainland is still catching up. The CPP maintained power after completely wrecking the countries economy, so a period of stagnation seems unlikely to be a major issue. More recently you can see how the CPP is placing Hong Kong’s economy as a lower priority than increased control. While dictatorships like China can fall surprisingly quickly, I doubt slower growth is that critical of an issue.
- jackcosgrove 6y agoI think CCP legitimacy does depend upon a social contract of rising living standards, compared to the Mao era when political idealism had more purchase. Moreover rising expectations beget rising expectations, and the genie is out of the bottle. I don't foresee a revolution either, rather a perestroika movement that will be forced from below but embraced out of necessity from above. As the video said, all of the energy needed to address domestic unrest will drain from China's ability to project their national interest.