Authoritarianism doesn’t always lead to ruin. It does have negative effects (stifling innovation, increasing likelihood of disastrous civil wars and revolutions etc.) but its not a given.
With China, we’ve seen it go both ways: Disaster under Mao and revitalization under Deng Xiaoping. What will leadership under Xi look like? Remains to be seen.
Have you lived in an authoritarian country?
Deng did well because he unclenched a little
Yes he did.
I don't know very much about him yet, but his life seems to be a fascinating one of gently guiding a failing state (that failed on epic proportions) back into normalcy and then into rapid growth.
Re:A chat with Ray Dalio
by chiefalchemist on Sunday June 12, 2022 @06:37PM
(#31718930)
If you compared China minus 50 years with China of today then ruin doesn't look so bad.
Take away The West's (citizens) bailing out their financial markets (circa 2007 / 08) and again authoritarian ruin doesn't look so bad.
I'm not stumping for China or authoritarianism; only pointing out that it's early days and there's more to that picture than brash big brush judgements.
China won’t reverse anything and their authoritarian nature will (as always) lead to ruin.