I agree that once the growth slows China will start to see cracks in its society. This, I submit, is the reason why Beijing is doubling down on the nationalist path. Cast the West as the enemy and China as the victim of oppression to drum up nationalist sentiments.
The social compact I believe that exists in China is that the people put up with the curbs either out of ignorance of the lacks of curbs or because of the promise of a better life which comes along with increased job wages as long as they toe the party line.
The moment the bargain is not held up for the increased wages, the compact starts to get eroded. Turmoil in China if it happens will have a widespread and largely unknown consequences. Unknown because too many pieces are intricately linked to the stable functioning of China.
For one, I hope to be able to witness this one day.
The social compact I believe that exists in China is that the people put up with the curbs either out of ignorance of the lacks of curbs or because of the promise of a better life which comes along with increased job wages as long as they toe the party line.
The moment the bargain is not held up for the increased wages, the compact starts to get eroded. Turmoil in China if it happens will have a widespread and largely unknown consequences. Unknown because too many pieces are intricately linked to the stable functioning of China.
For one, I hope to be able to witness this one day.