The inevitable consequences…

The inevitable consequences include rampant corruption, an absence of globally competitive Chinese companies,  chronic waste of resources, rampant environmental  degradation and soaring inequality. Above all, the monopoly over power of an ideologically bankrupt communist party is  inconsistent with the pluralism of opinion, security of property and vibrant competition on which a dynamic economy depends. As a result, Chinese development remains parasitic on know-how and institutions developed elsewhere.

Hide Answers
Show Answers