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Ken Moak — Why China prefers its own ideology to US-style democracy

Summary:
But besides all these modern factors, China rejects liberal democracy primarily because it is inconsistent with its history and institutions. During its more than 5,000-year history, China has never experienced democracy, which means it would require time to make a smooth transition from authoritarian to democratic rule. With some 56 ethnic groups and numerous regions whose interests might be at odds with one another, Western-style democracy might not only be dysfunctional but might cause the nation to implode.... Asia TimesWhy China prefers its own ideology to US-style democracy Ken Moak

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But besides all these modern factors, China rejects liberal democracy primarily because it is inconsistent with its history and institutions. During its more than 5,000-year history, China has never experienced democracy, which means it would require time to make a smooth transition from authoritarian to democratic rule. With some 56 ethnic groups and numerous regions whose interests might be at odds with one another, Western-style democracy might not only be dysfunctional but might cause the nation to implode....
Asia Times
Why China prefers its own ideology to US-style democracy
Ken Moak
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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