Why China Is Its Own Worst Nightmare

The brutal fact is that the greatest source of unpredictability for China is itself. Policymakers in the U.S., U.K., Australia, and most other democracies roughly know what sort of political and economic system is likeliest to prevail in their countries in two to three decades’ time. For China, it would be a brave person, inside or outside the country, who would essay a guess as to what political system might prevail in a decade’s time, let alone two or three. Read more