Tuesday , November 5 2024
Home / Mike Norman Economics / Ken Moak — Why China prefers its own ideology to US-style democracy

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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Andrew Sheng and Xiao Geng — China’s accountability system unique

Mike Norman writes Steve Tsang — What Is Xi Jinping Thought?

Mike Norman writes Dennis Etler — No, Xi’s China Is Not In Jeopardy! How Western Press Gets It All Wrong

Mike Norman writes Dion Greg Reyes — The Chinese Government Is Dominated by Scientists and Engineers

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.

Leave a Reply

Your email address will not be published. Required fields are marked *