No, it would have been even more successful than Taiwan. China before capitalism (pre 1978) China after capitalism (post 1978): China only started catching up to the West when it abandoned the centralized economy that other communist countries had in the 1950s and opened it up to the market economy in the 1980s. During the… Continue reading If China followed the same capitalist path as Taiwan, would it have become as successful as Taiwan? Taiwan GDP per capita is more than double that of China. A true Asian success story.
Yes. In fact one could argue they are more free than even the USA is. There is a much upvoted answer here saying that Korea is not a free country because all their presidents ran into issues. First of all, not all their presidents ran into corruption issues. Korea only became a true democracy in 1987,… Continue reading Is South Korea a free country?
We have to differentiate between “Western” democratic system and US democratic system because the US differs in a few ways compared to say Canada or Australia or Europe. US has a presidential system, where the head of government – the President matters far more than a prime minister does in a parliamentary system. In the… Continue reading Why do some mainland Chinese see the Western democratic system as a joke these days?