Beneath its facade as a rising superpower, the social contract within China has been deteriorating. And now with the covid-19 virus dealing a 1-2 punch of a public health crisis and an economic crisis, the populace may be nearing a breaking point. They have traded freedom and fair treatment in exchange for an ever-rising lifestyle. But now that the government can no longer guarantee continued prosperity, and may be responsible for thousands (or more?) deaths by initially denying the coronavirus crisis, will people remain tolerant of its authoritarianism? Charles isn't sure they will. He sees good potential for social revolt.
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The post Off The Cuff: The End Of China’s Exceptionalism? appeared first on Peak Prosperity.
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