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FreneticFauna's avatar

I've been surprised by how many powerful and influential people still insist that we don't really need to worry about China because their authoritarian system is incapable of innovating and they can only copy the work of others. It strikes me as an example of rejecting new evidence in favor of more comforting prior assumptions. I fear that we won't wake up to reality until we have experienced our own Suez Crisis.

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Raul Zavaleta's avatar

Yascha, my son’s father in law is from Taiwan with business in China. He tells a different story than what you describe. He thinks there is a lot of smoke and mirrors to the look given to tourists. Real estate is overbuilt and unaffordable for most people. People are not happy with Xi Jinping. Many of the rich people are moving their money out, expecting that when Xi Jinping is replaced, there will be chaos because of the power vacuum it will create. He also talks that in his most recent visit, he could not use his phone to summon a taxi because phones have to be registered with the government. He had to arrange with his office to be picked up and taken everywhere.

Did you experience any of these things?

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