Preview

China's Biggest Gamble: Can It Have Capitalism Without Democracy

Good Essays
Open Document
Open Document
1196 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
China's Biggest Gamble: Can It Have Capitalism Without Democracy
In April 2005, Henry Blodget’s essay “China’s Biggest Gamble: Can It Have Capitalism without Democracy? A prediction” was posted in an online magazine called Slate.com. As stated in the title, he predicted that China’s government would change to have freedom of speech and a democracy similar to the one the United States has. He also said that the more China’s wealth grows, the more pressure will build and it would cause a change. Back then and even now China remains without a democracy and as it seems it is still far away from any drastic changes.
Guo one of the authors of “Anti-corruption measures in China: suggestions for reforms” says that “It is always difficult to evaluate a country's or region's level of corruption accurately due to the secret and sensitive nature of corrupt transactions” Many studies have been done but as it happens in many nations the government is the one who chooses what is known to the public and what is not, people who take part in corrupted activities will try to do anything so that such activities would never be public news.
In the essay “Anti-corruption measures in China:
…show more content…
In this essay Aiqun mentions how in the book Andrew Wedeman explains the paradox that China is undergoing with its rapid economic growth and widespread corruption. How the both of them have coexisted in China since the beginning of the economic reform era 1978 to the present times. Aiqun also points out that Wedeman argues that China's anticorruption effort “Work Plan” is being successful that it has prevented corruption from getting out of control. Aiqun mentions how Andrew argues that Chinese government official will be convicted of corruption. They will receive criminal prosecution and or administrative penalties that could shatter their

You May Also Find These Documents Helpful

  • Good Essays

    The book called Age of Ambition written by Evan Osnos, a writer of The New Yorker, exposes Chinese citizens are living in a battleground between authoritarianism and aspiration. He also describes the greatest conflict taking place in China–“The clash between the rise of the individual and the Communist Party’s struggle to retain control.” (Osnos) Evan Osnos states his idea in the book, “An account of the collision of two forces: aspiration and authoritarianism, shows a China river by moral crisis and explosive frustration, whose citizens are desperate to achieve wealth, even as they are terrified of being left with nothing. It is also a riveting and troubling portrait of a people in a state of extreme anxiety about their identity, values and…

    • 188 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Staying in Control

    • 306 Words
    • 2 Pages

    The idea of a Capitalism country without Democracy is ironic. The how and the what to do collaborate to an extent. Can this situation in China last forever? The acceptance from the people and their priority in the current government idealization of good economy is pointless. Why have a priority in producing money and profit and no freedom of expression. Having the right to…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    When the CCP came into power in 1949 China was in a state of disarray following the turbulent years of civil war and the warlord era. Therefore, a new system of government was established, and promptly banks, gas, electricity supplies and transport industries were nationalized. The monopolization of the industries portrayed the CCPs want for centralized control in China. However we can also argue that these steps were necessary and even welcomed due to years of instability, a strong government was needed.…

    • 1663 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    With China’s recent ascension as a powerhouse on the economic world stage, the social structure of its 1.3 billion people is also changing to reflect this forward momentum. Chinese consumption in the realms of material goods, housing and education has experienced unprecedented growth, an essential characteristic of what many would define as the “middle class” in terms of income level and social statures. This new phenomenon in a supposedly class-less Communist regime is an enigma within itself. This enigma however has presented the Chinese Communist Party with a problem that it did not foresee: How to embrace this new class of intellects, entrepreneurs, and engineers that is single-handedly driving this economic rebirth after denouncing the same practices of the bourgeois middle-class for more than half a century. Years of economic boom have supplied this new social bloc of people with an enormous amount of political, social, and monetary capital, and many Western and Eastern scholars are curious as to whether or not “China’s middle class will become a catalyst for political democratization and social transformation in China” (Xin 2013:3). Currently however, China’s middle class has not followed the trajectory of the modernization theory towards democracy as many modernization theorists believed due to bias associated with the past. The Chinese middle class is highly dependent on the government for much of its economic prosperity and elitist status. This is in stark contrast with the reversal of roles between the American middle class and its subsequent politicization by the government.…

    • 3073 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Barma, Nazneen, and Ely Ratner. "China 's Illiberal Challenge." Democracy: a Journal of Ideas 2 (2006): 56-68. 15 Jan. 2008…

    • 5394 Words
    • 22 Pages
    Powerful Essays
  • Best Essays

    Since the death of Mao Zedong in 1976, the People’s Republic of China (will henceforth simply be known as China) has undergone a profound cultural, economic and social transformation. Since China’s official transformation from the Maoist planned economy to the socialist market economy. Over 150 million people have been lifted out of poverty due to China’s burgeoning economy and the quality of life has been improved for hundreds of millions more.(Chan Lecture April 8) However, this growth has come at the expense of an innumerable amount of gross human rights violations committed by the Chinese Communist Party,…

    • 3838 Words
    • 16 Pages
    Best Essays
  • Satisfactory Essays

    misuse of bribery

    • 305 Words
    • 2 Pages

    5. Fry, ‘China’s Version of the US Foreign Corrupt Practices Act and the OECD Anti-Bribery Convention’ [2013] 24 King’s Law Journal 60.…

    • 305 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Along with the change in ownership forms, the Chinese economy has grown rapidly over the last twenty years. China's status in the international economic and trading system is also steadily advancing. These achievements have gained international recognition.…

    • 1173 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    There are many views on corruption. Transparency International (TI) has defined it as “the abuse of entrusted power for private gain” (Transparency International, 2012). “Corruption is a Western concept and is not applicable to traditional societies, where corruption does not have such as negative meaning. Many traditional societies with a “gift culture” have a different understanding of civil responsibilities and etiquette. The social structure and political traditions of many countries are based on the beneficial exchange of rewards for services rendered, and cannot survive in its absence.”…

    • 693 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    First, let us examine the root of the question. Democracy. There are 2 types of democracy, and both must be addressed. Political democracy is the right of every individual to equal opportunities to express how their country should be run, in the form of an elected government. In this sense, there is no doubt that China is a communist state. The complete lack of any form of election clearly demonstrates that there is no intent to even consider the views of the public. The other type of democracy and perhaps the more important one is economic democracy. A free market economy is the most democratic form of economy where there exists no form of government and all firms are privately owned and run. This view was first introduced by John Maynard Keynes and he suggested that market forces are the only form of control necessary in an economy, due to the fact that they are able to set the price of any good or service at an equilibrium price, where demand equals supply. A command economy is the opposite, where the government control all sectors of the economy and determine the nature, quantity and price of each good. Currently, there is no country that is a complete free market economy, and the only state to be a complete command economy is North Korea, most countries are a mix of both…

    • 426 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    History Ia 2013

    • 2014 Words
    • 9 Pages

    The fight for democracy created great tensions between the people and the government. “…20 years later, China’s Communist Party remains solidly in power. It still suppresses dissent. In China, capitalism is championed, but democracy is still verboten”…

    • 2014 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    China & Democracy Post Mao

    • 13175 Words
    • 38 Pages

    Nathan, Andrew. China’s Crisis Dilemmas of Reform and Prospects for Democracy. New York: Columbia University Press. 1990.…

    • 13175 Words
    • 38 Pages
    Powerful Essays
  • Satisfactory Essays

    From the early 19th Century, European powers had been present in China, exploiting them for trade. Arguably the West also provided China’s reformers and revolutionary groups with a model in democracy and Western ideas, which influenced some of their aims.…

    • 332 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Capitalism & Democracy

    • 2213 Words
    • 9 Pages

    “Our country was founded under, and has operated in accord with the basic principles of democracy and capitalism. However, the basic governing tenets of majority rule and the free market are not absolute. In fact in many instances, both historic and contemporary, we are able to recognize policies that run contrary to the ideals of "one person, one vote" and the "laissez faire" economy. Please describe how one or both of these principles is only partially adhered to in our country, and why?”…

    • 2213 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Political Corruption

    • 2392 Words
    • 7 Pages

    Throughout the world, a fundamental truth that must be acknowledged is that our governments are plagued by corruption. This corruption is a pervasive force firmly entrenched across all societies. With that being said, not all governments were created equal. Corruption manifests itself in a multitude of manners causing some countries to be more corrupted than others. The chief focus of this paper is to examine corruption across the world and analyze the factors that create this issue. Using an array of data analysis techniques I will attempt to investigate governments across the world, and provide insight into the political and economic aspects of corruption.…

    • 2392 Words
    • 7 Pages
    Better Essays