Pessimism on China’s continuing economic growth emerges from, among other reasons on offer, that billion-people economy’s aversion to institutional reform. In this view, China’s governance structures remain irresponsibly distant from liberal democracy; as a result, they hobble economic and political progress. China’s current institutions of governance allow an extractive elite to benefit themselves and to thwart meritocracy, thus crushing the social good.
[Personally, I like the alternative perspective given in Unz (2012) but at this point Unz’s views constitute still only exactly that, an alternative perspective criticizing conventional thinking.]
Indeed to confirm this conventional view, the popular consciousness can now recount incident after incident of the excesses of those elites. This month alone there was the high-flying businessman Mr X killed in a confrontation involving armed guards outside a luxury house. The case involved influence over political constituencies covering hundreds of millions of people, the convergence of money and political power…
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