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by matthewdgreen 1756 days ago
We've been down this road with the Soviet Union during portions of the cold war, when folks in the West thought that high Soviet GDP catch-up growth would translate into sustained non-catch-up growth and meant non-authoritarian governments were doomed. It didn't work out that way.

Democracy isn't assured, we could easily vote it away in the West. But there is definitely a pattern whereby enormous cutting-edge economic growth seems to require relatively free societies. To make a long term bet on an authoritarian approach in a world where those societies exist, that seems like a very risky thing to do.

2 comments

All those centuries of authoritarian rule also coincided with technological and economic stagnation. That might not be causal, but I think it is. The industrial revolution came after a number of liberalizing political movements in northwestern Europe.
Soviet Russia had a much smaller population and market size than China.
And China has its own problems, including hugely problematic demographics and an export-fueled economy that is still highly dependent on trade with the West.
Your reasoning is based on narratives which I personally always discount.

Economists expect China to overtake the US economy in size by the 2030s. This can obviously either accelerate or decelerate and there will be hindsight reasoning in any case. Nevertheless, I don't see any of your narrative based arguments substantive.