The ECB took sightly better decisions (more timely let's say) than the Fed in the last 8 years and was a lot better at communicating them than their US counterp

The ECB took sightly better decisions (more timely let's say) than the Fed in the last 8 years and was a lot better at communicating them than their US counterparts. If you think China's governments are full of technocrats, you just don't understand China at all. Yes, china have technocratic boards (HST and SEZ are the most known projects lead by technocrats), but don't ever forget that China is run by its political power first, military second, its economic power third, and only then their technocrats. And those only have power in complex areas (i can develop if you want to know what I mean). And the technocrats lose more ground to the economic powers everyday. Until the military enter and rebalance everything, it will continue. I'm not even talking about local governors and mayors, if you think they are technocrats and not family members of the military or political, you're dead wrong.