I have been thinking along the lines mentioned by OP for awhile now. There are many different angles and facets to it. Its a difficult puzzle to anticipate, much less predict. There are many unusual angles and twists to it, we wouldn't expect.
To try to understand our current day predicament, I think a person has to be aware of certain basic fundamentals of history. There are patterns which repeat over the last few thousand years. Modern day totalitarianism isn't so different from monarchy of past eras. Most historic struggles were class warfare waged between the rich and poor. With current debates revolving around wage and wealth inequality, we might question whether anything has really changed.
China might be compared to being version 2.0 of the USSR. Its political and power hierarchy is very similar to the USSR with a few upgrades. China is more friendly towards innovation, progress and capitalism than the USSR was in an effort to offset some of the USSR's biggest shortcomings. Many USSR era drawbacks however remain. There's such a long list of aspects to china by itself, I couldn't do its justice in a short post.
I couldn't pick a winner in the global conflict between populism and socialism. Whatever happens I hope people learn from the experience, and that we're all able to make better choices and decisions in the future. Aside from that don't have much of a clue how things will play out.
Topic: A Game of Governments - China and Authoritarism - page 2. (Read 272 times)
Two forces are at play in China and hence in the world. On one side, it is an authoritarian regime that bans many basic rights including the free use of crypto
They are only able to force their own regulation with the limitation on their own citizen. If you dont live in China they you got nothing to do with any of their silly regulation regarding crypto. The fact that most of those silly regulation actually affects the bitcoin price was because there were large group of miners and probably early adopters in the country
As China takes the economic lead of the world, or at least a significance that does not allow simply ignoring it, that government style or regime will have an gigantic influence on other countries that may sympathize with a successful authoritarian regime
Their influence is also limited to few countries that fall onto their debt-trap diplomacy so unless a country does fall into their debt-trap diplomacy then China has nothing to say about anything on that country. Things might change in the future though especially after the pandemic ended because China would be leading the economy once things settled so China probably could influence the other countries
I admit that China is developing quickly and is easily one of the biggest powerhouses in the world currently, but their current government is imperfect just like literally every government in this world.
Example: https://www.google.com/amp/s/www.bbc.com/news/world-asia-china-22278037.amp
Their authoritarian regime brought about improvements in some areas while declines could be noticed in other areas.
Their strong stance against cryptocurrencies has definitely affected the market on multiple occasions which is why I feel that the current regime is bad for the cryptocurrency market overall.
Example: https://www.google.com/amp/s/www.bbc.com/news/world-asia-china-22278037.amp
Their authoritarian regime brought about improvements in some areas while declines could be noticed in other areas.
Their strong stance against cryptocurrencies has definitely affected the market on multiple occasions which is why I feel that the current regime is bad for the cryptocurrency market overall.
Two forces are at play in China and hence in the world. On one side, it is an authoritarian regime that bans many basic rights including the free use of crypto, in the name of harmony and social peace. On the other side the current regime has been able to take hundreds of millions of people out of hunger and abject poverty.
As China takes the economic lead of the world, or at least a significance that does not allow simply ignoring it, that government style or regime will have an gigantic influence on other countries that may sympathize with a successful authoritarian regime and see it as a proof of success without democracy. The oligarchies, the theocracies, presidential regimes and dictatorships will enjoy an unprecedented practical and even moral support from a giant example.
On the other side, while democracies seem week because they seem to be always in disarray and dissention internally, they have a proven record of allowing the flexibility and the mutual recognition of power of the different factual powers and groups. Also, it can be seen that historically, countries that progress generate a gentry class that wants real intervention in government.
What will happen? Will China grow in strength and authoritarianism and propel those countries that are akin or will the internal power of the middle class aim for a "perestroika" of short of the system?
As China takes the economic lead of the world, or at least a significance that does not allow simply ignoring it, that government style or regime will have an gigantic influence on other countries that may sympathize with a successful authoritarian regime and see it as a proof of success without democracy. The oligarchies, the theocracies, presidential regimes and dictatorships will enjoy an unprecedented practical and even moral support from a giant example.
On the other side, while democracies seem week because they seem to be always in disarray and dissention internally, they have a proven record of allowing the flexibility and the mutual recognition of power of the different factual powers and groups. Also, it can be seen that historically, countries that progress generate a gentry class that wants real intervention in government.
What will happen? Will China grow in strength and authoritarianism and propel those countries that are akin or will the internal power of the middle class aim for a "perestroika" of short of the system?
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