solarz
Brigadier
A well written article, though I disagree with the following assessment:
But China faces formidable challenges ahead. Its high-growth model, although superior to the Soviet model, is no longer sustainable. The lack of energy and natural resources, the pressure of a rapidly aging population, the increasing gap between the rich and poor, and the deteriorating environment all require visionary and innovative political leadership.
Such political leadership is in short supply in China today, largely due to the fact that the Chinese mainland’s struggle to achieve national independence and economic prosperity has not been accompanied by bold democratic reforms, as happened in Taiwan, where the Nationalist party holds power through democratic elections.
Democracy produces risk-averse governments who are far more likely to maintain the status quo than to take bold new directions. Just look at the United States: Obama is a visionary and innovative leader, but his vision and innovation amount to nothing because neither Congress nor Senate is willing to take risks on innovation.