Thursday, Aug 28, 2008
The Olympics are over and the truth about China's fragile economy will also become increasingly obvious. China's amazing growth and looming global dominance are constantly hyped, but evidence is mounting the country won't avoid a financial and economic cr
abc: The China Bubble
Despite the brilliant spectacle and excellent organization, the Beijing Olympics revealed the true nature of China's ruling regime: goose-stepping soldiers in the opening ceremony and tanks in front of stadiums were pure totalitarian dictatorship.
The Olympics are over and the truth about China's fragile economy will also become increasingly obvious. China's amazing growth and looming global dominance are constantly hyped, but evidence is mounting the country won't avoid a financial and economic crisis.
A crisis would have a number of implications including an impact on the Australian economy. But it could also seriously affect China's path to political freedom, which began with economic liberalization.
Posted by big chris @ 04:29 AM (272 views) Add Comment
3 Comments
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1. Still-waiting said...
China's path to political freedom did not begin with economic liberalism. Totalitarian control was required in order to implement economic liberalism.
2. debtfree said...
"By liberalizing its economy, China moved towards democracy"
Democracy and Political freedom... what a joke !!
Democracy and Politcal power goes into the wrong hands, there is no such thing.
Look at Ken Livingstone, when head of transport for london he bought houses on the north circular and left them to rot when the country has a housing crisis. Look at Liverpool council, street after street bought out by the council and turned into a ghost town. Communities destroyed for the sake of public taxes going to private developers.
Or how about a political freedom that when you finish office you become part of the Carlyle Group and deal arms....... llike John Major.
We are in a financial mess created by politicans who then go on to work at places within the industry, take Tony Blair for example, now with JP Morgan.
Bashing on about China when claiming to be in a free democracy is just pure fantasy.
3. Bananasplit said...
Hu Jintao was elected president of the People's Republic of China on March 15, 2003, the height of China's boom.
I am not sure if a nation the size of china could move to complete democracy, western goverments are quick to critizise china but in fact we in the west have significant problems and are we truly a free democracy? A population of in excess of 1.3 billion needs careful management and total freedom could lead to mass unemployment, crime and possible civil wars.