The China Model Is Dead
All the China hype has shifted to anti-hype. Is it any more valid?<p>I have always tended to think China&#x27;s model would hit a ceiling due to lack of individual freedom. If you can only do what government thinks is a good idea, it&#x27;s hard to imagine much innovtion happening.<p>But many places, including Taiwan, grew rapidly under authoritarian rule, where those economic decisions were easy for government - when you start that far behind, you only need to follow a well-paved path. But my understanding is that they hit a ceiling when they run out of pavement and need to find their own way forward. Try to name any one person or organization in the US, for example, that could make those decisions for every business, technology, resource, university, etc. in the economy. It&#x27;s just not plausible.<p>The others, such as Taiwan and South Korea, threw off authoritarian rule, became free, and then moved into the ranks of first world countries. China may do the same - it would be a great moment in human history, not to mention economic history, if the people in China found freedom.