China Must Wait for Democracy – Spengler

From Asia Times:

Forget China’s “flowering of ” – promised direct-level township elections. China must rather learn to rule cities that are mushrooming into gigantic urban concentrations populated by poor rural migrants. Doing so places a terrible responsibility in the hands of a very few, and America would be better advised to offer practical suggestions, such as how to develop internal capital markets, rather than grandiose and self-serving advice.



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