By T T Ram Mohan
There is one refrain that is comment to forecasts on China: the Chinese political system is incompatible with growing standards of living. There is a corollary to this: as soon as China’s growth rate slows perceptibly, the strains on the political system will begin to show. Turbulence will set in. Some even forecast that the Chinese system will implode.
One thing that strikes me is that this hasn’t happened in the last two decades of China’s rise. Okay, you could say, that’s because the Chinese people were bought off with goodies. However, that’s only part of the story. What’s missed, as an article in FT points out, is that the Chinese state has shown itself highly competent, able to adapt and responsive to popular aspirations. In short, it does everything that a democratic government is expected to do, except that many democracies, including the US, are showing themselves to be increasingly dysfunctional. The author writes:
The ploy of the west
The Chinese communist party is seen as monolithic and intolerant. In fact, it contains within itself diversity of views and there is no reason to suppose that tolerance of dissent is a great deal less than in western democracies (where views outside a certain mainstream can be filtered out quickly or even actively suppressed). Voters in the US may have a theoretical choice between two parties but, on a wide range of issues, you have to think very hard to tell the difference between George Bush and Barrack Obama. This applies to the UK and many other democracies as well. The choices open to voters are within a rather narrow bandwidth.
The odds are that, instead of China going into decline because of its one-party system, it is the west that may suffer decline for years to come.
Gloomy views of China go hand in hand with western attempts to undermine the Chinese system in many ways, as an article in Atimes points out. These attempts take various forms: support for separatist groups, talk of the high level of corruption in China, criticism of crackdown on dissidents and a constant glorification of western cultural and political values:
It’s not just China that is at the receiving end of western propaganda. Today, even greater venom is directed at Russia.
T T Ram Mohan is a professor of finance and accounting at the Indian Institute of Management, Ahemdabad.
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