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Because China is not a democracy and probably it's size and culture all but prevents effective democratic transition (they are wise to not start it, do it and w
by anovikov 5y ago
Because China is not a democracy and probably it's size and culture all but prevents effective democratic transition (they are wise to not start it, do it and what happened in Russia will look like a joke), it's bound to get stuck rather quickly. Are there any rich non-democratic countries, apart from petrostates, out there anyway? They will have to either reform (and go bust), or resort to becoming a hermit state, before they reach East European level.
And due to the size of their debt, getting stuck means going bust - in their case, just quitting capitalism, calling it a mistake and returning to the good old days.
- hnfong 5y agoAt the height of its influence, the British Empire was not meaningfully democratic in the modern sense. Sure, England was democratic (kind of), but all their colonies were just authoritarian governments.
- anovikov 5y agoWhat matters is the absolute GDP level. As soon as you go post-industrial (demand for manufactured goods tapers off because there are enough of them for everyone), authoritarianism works worse and worse.