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While the leaders of the PRC believe that it is glorious to be rich, I doubt that they believe that it is glorious for government leaders to be led around by the nose by the rich, as in Anglo countries.  They still understand that power proceeds from the barrel of a gun and they remain firmly in control of the guns.  They have learned that by letting businessmen do their thing, they can afford more and better guns and luxuries as well.

It will be interesting to see how this plays out.  It seems to me that the Chinese have several real structural advantages at this point.  Nor are they encumbered by any pesky traditions such as Magna Carta, etc.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Aug 9th, 2008 at 07:40:00 PM EST
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