The average autocracy is deeply inefficient at anything but serving the autocrats every need.
China is an extreme outlier in that respect. What they've done the last 40 years is unparallelled and very hard to explain.
China is an extreme outlier in that respect. What they've done the last 40 years is unparallelled and very hard to explain.
It's not communism. It's also not democracy.
They picked dictatorial government and matched it with unbridled capitalism which distills to two rules IMHO:
1. Make as much money as you want. 2. NEVER speak bad about the government/system.
It's working so far.
Their next big challenge is in the making now; de-population due to the one child policy of the past.
They will require massive immigration which will be de-stabilizing. Interesting times indeed ...