SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Let's Talk About Our Feelings!!!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dayuhan who wrote (26682)12/8/1998 3:20:00 AM
From: nihil  Read Replies (1) of 108807
 
RE: China compared to USSR

Democratization in China is proceeding very slowly, and the authorities deny that democratization is the objective of reform. Clearly economic reform is in full play. The recent attempts to run the PLA out of business have not yet been successful. Corruption is still rampant. Many of the larger state enterprises are hopelessly in debt (much of it to each other -- the huge triangular debt), and few foreign firms can be conned into bailing them out. Yet it is barely possible that these firms can be liquidated while TVE's and private joint ventures and foreign invested enterprises expand. The Chinese people seem to be content to put up with the government as long as the economy appears to prosper, even though a majority do not share appreciably in the prosperity.
Differential prosperity in the regions creates terrible tensions. The favored areas (Guangdong, Shanghai, and the Coast and Beijing) are prospering while Beijing seems incapable of providing much help to or imposing much control on the rest of the country.
In earlier dynasties, the peripheral areas often broke away as central corruption and weakness caused loss of control. Many observers consider Guangdong as largely independent of Beijing. Sichuan presents massive problems. Neither the CIA nor most of the foreign scholarly community think China will split apart. But cultural differences are considerable. No one likes control from Beijing and most pay as little attention to it as they can get away with. An economic crisis could cause political disaster. The response of the central government would probably be harsh and ruthless. There would be no silken revolution in China.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News