> This happened in eastern Europe
And the results are in.
Would you like to live in 1970s Russia or 1990s Russia as an ordinary Russian?
And the results are in.
Would you like to live in 1970s Russia or 1990s Russia as an ordinary Russian?
I don't know, I was born in Czechoslovakia.
China had the disadvantage of being the most populous country in the world.
In crisis, economic or otherwise, Czechoslovakia is much more likely and capable of being rescued by the international community. China will need to rely on itself if only because it is way too big for any kind of help to be substantial and meaningful.
Thus the outcome will likely be even worse than Russia, which only has around 1/10th the population of China and an impressive natural resource reserve.