24 August 2019

Bloomberg: What If Everyone’s Wrong About China?

Past mistakes about China are too numerous to mention. When it joined the World Trade Organization in 2001, many thought China would liberalize. Since Japan, Taiwan and South Korea had all gone on to become full-fledged democracies after periods of autocracy, the pattern was clear: Once they were fairly wealthy, the growing middle classes demanded a say in their government. At the time, it hardly seemed crazy to believe China might go down a similar path. [...]

Or consider Hong Kong. Not long ago it was practically a cliché that Hong Kong was a territory of apathetic, spoiled wealthy people, not very committed to self-rule or democracy. That too has been shown to be false, as 1.7 million people took the risk of participating last weekend in a peaceful anti-government march. [...]

For myself, I don’t have a coherent story about how the Chinese might move to greater liberty in the next 10 to 15 years. But I do think the actions of the current regime can be read as signs of vulnerability rather than entrenchment. Taiwan and Hong Kong, despite its current crisis, remain strong examples of the benefits of liberalization. Meanwhile, the notion of the internet — even with censorship — as a liberalizing force has been too quickly dismissed, especially in an America that has fallen out of love with Big Tech.

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