China Speedbumps

Matt Yglesias sees no need to fret about China’s rise. It’s more the fall he’s worried about:

It doesn’t seem especially likely to me that China will go on and on and on without experiencing a substantial economic crisis or a serious foreign policy blunder forever. And any such crisis is likely to lead to a political crisis. What that would lead to, I couldn’t say. People sometimes seem to assume that the alternative to China’s current course is democratization, but it could just as easily be clampdown and insularity or chaos and destruction. But for things to just keep on keeping on would be genuinely odd and require a not-especially-likely combination of competence and good luck for Chinese officials.

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