You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
China-Japan-Koreas
The World of Market Authoritarianism: Chinese-style capitalism
2009-10-16

China is exporting something simpler, and indeed more corrosive to Western pre-eminence, than the individual nuts and bolts of its colossal thirty-year transformation. This is the basic idea of market-authoritarianism. Beyond everything else that China sells to the world, it functions as the world’s largest billboard advertisement for the new alternative of “going capitalist and staying autocratic.” Beijing has provided the world’s most compelling, high-speed demonstration of how to liberalize economically without surrendering to liberal politics.
Posted by:Maggie Ebbuter2991

#3  I'm not big on lessons from history, but one is that democracies survive crises, whereas authoritarian regimes don't, or at least not without large body counts.

China has yet to be faced with a post economic liberalism crisis. In fact the last 30 years has been an extraordinarily benign period for China.
Posted by: phil_b   2009-10-16 20:28  

#2  This is amusing, in a bizarre sort of way. The Chinese are behaving like the "Yankee traders" of old, who are mostly known to modern Americans from the Star Trek, The Next Generation series, as the aliens known as "Ferengi".

The reality was that the original Yankee Traders were pure capitalists, always on the lookout for a better trade deal, and unconcerned with how foreigners carried out their side of the bargain, at least at first.

It represented colonialism without establishing a colony more than a trading post. In the early days of the founding of the United States, these traders became the forefront of the democracy movement around the world, to a great extent because democrats were far more trustworthy than tyrants and princes, who would cheat you at the drop of a hat.

So the Chinese are following in their footsteps, after a fashion. More than willing to make profitable deals with fourth world tyrants, as they screw their own nations, and far more concerned with political stability than enriching the locals.

Unlike the United States, that has lost its capitalistic edge, China will become very strong through ruthless capitalism. But eventually what will happen to them is what happened to the US. The public will get tired of putting money above all things.
Posted by: Anonymoose   2009-10-16 14:46  

#1  But it only works until they run out of other people's money. And ours has run out.
Posted by: ed   2009-10-16 14:01  

00:00