Without a Change of Political System, China’s Economy Will Always Be 2nd Class

Commentary Recent news stories have highlighted communist China’s economic troubles with some predicting “economic oblivion.” Most attention has focused on the what and how of China’s economic problems. However, the more important question is why this economic catastrophe is looming. The answer is totalitarian governance, and its defective view of the world and human nature. Chinese civilisation gave the world great literature and philosophy, and innovations such as the wheel, compass, paper money, printing press, and gunpowder. But since the Maoist revolution, communist China has created very little, unless one counts innovations in re-education camps, oppression, and population control....