There has been a LOT of punditry tossed about re how China is going to leave all of us foreign devils in the dust in the very near future. Cited often are the figures showing explosive growth and trade. However, I have my doubts for the following reasons:
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Any country that carried serfdom well into the twentieth century would have experienced explosive growth when the chains were loosened;
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Ditto, even a small dose of capitalism energized a people who for decades, had no opportunities whatsoever;
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The resultant rates of growth cannot possibly be sustained;
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China will face increasingly stiff competition for raw materials and energy as global supplies run low;
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If China starts to flex its military muscles, it will just create alliances between nations such as Japan, South Korea, Taiwan, the Philippines, Vietnam, etc., all of which have a major interest in checking the Chinese plan to dominate Eastern Asia;
But perhaps the most compelling reason I can see that China will not become a world superpower is that it still is a brutal, repressive state, run by a corrupt oligarchy. A country cannot thrive without rule of law. Others might point to Soviet Russia or Hitler’s Germany as examples of regimes that flourished without personal freedom, but I consider those exceptions that prove the rule.
What do you think? Will our kids all be learning Mandarin in school so that they can better communicate with the occupation authorities? Or will China crash and burn?