Re:Beijing’s Three Options: Unemployment, Debt, or Wealth Tr...
by ajross on Sunday September 09, 2018 @11:13AM
(#17946263)
> There will be no political gridlock
That's true at the micro scale, not the macro. Tienanmen may be fading from memory, but it happened before and it'll happen again. Those 30-person decisions have winners and losers, and the losers not being in the room doesn't mean they'll just shut up and go quietly. Nor does it mean that those 30 people are going to be insensitive to or unwilling to accommodate their needs in all cases. They know what the stakes are if they mess up, and it goes farther than poverty.
Basically: "political gridlock" looks bad, but it's a safety valve that democracies use to avoid unrest, which is a far worse problem in the long run than a debt crisis.
That's true at the micro scale, not the macro. Tienanmen may be fading from memory, but it happened before and it'll happen again. Those 30-person decisions have winners and losers, and the losers not being in the room doesn't mean they'll just shut up and go quietly. Nor does it mean that those 30 people are going to be insensitive to or unwilling to accommodate their needs in all cases. They know what the stakes are if they mess up, and it goes farther than poverty.
Basically: "political gridlock" looks bad, but it's a safety valve that democracies use to avoid unrest, which is a far worse problem in the long run than a debt crisis.