Why China's Economy Will Not Collapse
Despite the political issues and the economic slowdown in China, it is still a growing country. Experts believe its economy will continue to remain strong for a while.
Article written by guest writer Rin Mitchell
What’s the Latest Development?
Reportedly, many believe China is headed for a collapse because of housing prices, corruption, costly education, “an antsy middle class and college graduates with dreams deferred.” Theories of economical issues affecting political issues are debunked by lack of evidence to show that a weakening economy leads to “chaos in the streets.” True, tensions among political parties may have to do with some of the economic analysis—but not enough for it to the be the sole reason behind the political problems. However, one theory is believed to be on track, as it is stated “violence is a mark of modernizing societies,” which means three things: “the government gains recognition as the legitimate wielder of force; the division of labor is divided between military, administrators, scientists and the judiciary; there is mass political participation.”Citizens are affected by the government’s handling of its laws and administration, yet what people see in the media about China is “radically illegitimate oligarchy powered by the blood of its treasured working class.” Although a lot needs to be fixed, it paints a false picture than what is true, in which “the Chinese Communist Party has accrued political capital by improving the lives of its people in ways many bygone regimes could not.”
What’s the Big Idea?
There is more to the picture of China's fate than pie charts and graphs. China is far from any sort of hard landing in its economic structure at least for the duration of 2012. The same can ring true for 2013 being "China’s institutions are still significantly ahead of the demands of its society.” It has sustained growth despite its “faltering economy,” which does not necessarily result in “disorder, even when effective institutions are absent.”
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
Is it "perverseness," the "death drive," or something else?
Eight-dimensional octonions may hold the clues to solve fundamental mysteries.
- Physicists discover complex numbers called octonions that work in 8 dimensions.
- The numbers have been found linked to fundamental forces of reality.
- Understanding octonions can lead to a new model of physics.
It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.
- It's an all-hands-on-deck moment in the arc of civilization.
- Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.