The rate of change will obviously be grater from 1988-1998 than from 2000-2010 because prior to 1988 China was a completely closed society (especially prior to 1978) and just beginning to wake up from the cultural revolution, a highly chaotic period where progress LITERALLY stopped.
appears to disproves your point. Not accounting for inflation, nominal GDP grew about 8,000 bln from 1990-2000, which is paralleled in only 5 years between 2000-2005.
As for corruption, I don't think you've done much to further your argument that "China has been a historical corrupt society for thousands of years". Benefiting from close ties to the government is a natural economic condition found in every country. Hello US Lobbying industry?
And the percentage of multi-millionaires with close family connections doesn't say much either, only that China has a growing class of oligarchs, again a condition found in many many many other countries.
That said, it wouldn't be fair for me to wholly dismiss your points. Yes corruption is widespread, but I don't see how that proves your point that China as a society has been utilizing corruption to cheat their business partners for thousands of years. That is an absurd point that is not at all grounded in history nor facts.
Finally I think you mis-understood my point in regards to S. Korea/Japan. They have had LONGER to grow economically in the sense that until the mid 1970s China was essentially a collapsed country, with really NO economy. Irregardless of time, both S. Korea and Japan grew their economies out of authoritarian governments. S. Korea was for most of the latter half of the 20th century a military state and Japanese politics was dominated by a single party. Both not exactly what I would call open democratic regimes.
No idea what you mean by "a non 'free-market' system is a better approach when it's provided such poor returns...", can you define "poor returns"? China has been one of the fastest growing economies for the past 30 years. How is that poor returns? In fact, its the very authoritarian regime you lambast as being economically inefficient that has been cited as the source of China's seemingly "magical" growth.
Lastly, you absolutely CANNOT ignore China's massive population when analyzing the country's current and future states. Having to support a nation of 1.3 billion people is an epically difficult task and as I state in a prior comment, ALL problems in China derive from its population problem.
Anyways the point of all of this is not to defend China. The hyperbole and level of mis-understanding among the HN community in regards to China is absurd. This is not a good/bad issue. China's problems are nuanced, just like all things in life. It helps no one by making blanket statements that are derived from quick google searches and superficial understanding of complex issues.
That said, my points still stands. I used the 90s for contrast purposes. The changes in China over the past 20 years are PROFOUND. Over the past 10 years they are only slightly diminished but no less amazing.
I've been traveling to China annually for pretty much the last 6-7 years and lived there for an extended period of time a few years ago. The changes have been dramatic in both urban and rural areas. In fact I found change to be even more visible in the rural areas. Literally over a year farm fields would be transformed to high-rises and cosmopolitan residential communities.
The changes in infrastructure/economic development has also fostered great changes/progress towards a more civil society, etc.
Even if we were just to compare 2000 vs 2010 the changes are great. To say that there have been no major progress in 10 years and to suggest that South Korean and Japanese development in that same period of time has been greater than China's is patently absurd. Like dum-dum circus absurd.
As a rule I try to shy away inflammatory criticism, but this was a very poorly researched post.
There has been TREMENDOUS change over the past 10 years! You have to remember that until Deng's reforms in the late 80s, China was a completely closed society that was just beginning to heal from decades of strife and instability (almost 100 years!), including the cultural revolution which literally turned society upside down and placed a freeze on societal progress.
Since the early 90s China has made leaps and bounds in regards to reform and progress. YES they are still MANY problems, but the changes have been very substantial. China will surpass Japan this year as the 2nd largest economy in the world. Outside of the US and Russia, it holds the third largest stockpile of nuclear arms. The accolades are many...
That said, its unfair to really compare China with South Korea/Japan, who've not only had a huge lead time, but also don't have 1.3 billion people to feed, provide jobs for, and yes control.
All of this growth and sudden change has caused problems, corruption and protectionist economic policies (not to mention the increasingly dangerous heights of nationalism the CCP is stimulating among the populace, especially the youth). To say however that Chinese society is corrupt and have been "meddling in business for thousands of years" is absurd and frankly a bit fox-news in rhetoric.
One of the things I love most about HN is that the community here is in general "smarter" than more general-interest social news communities. That said, I wish people would take a more balanced view on China. Yes there are problems and the CCP is no benevolent big brother but as the poster above me has pointed out the issues are not black and white. There are many many many nuances in uplifting a nation of 1.3 billion people into modernity. I'm not convinced that an open, free-market system is the best solution. Perhaps down the road, but not now.
That said, this:
http://en.wikipedia.org/wiki/File:Prc1952-2005gdp.gif
appears to disproves your point. Not accounting for inflation, nominal GDP grew about 8,000 bln from 1990-2000, which is paralleled in only 5 years between 2000-2005.
As for corruption, I don't think you've done much to further your argument that "China has been a historical corrupt society for thousands of years". Benefiting from close ties to the government is a natural economic condition found in every country. Hello US Lobbying industry?
And the percentage of multi-millionaires with close family connections doesn't say much either, only that China has a growing class of oligarchs, again a condition found in many many many other countries.
That said, it wouldn't be fair for me to wholly dismiss your points. Yes corruption is widespread, but I don't see how that proves your point that China as a society has been utilizing corruption to cheat their business partners for thousands of years. That is an absurd point that is not at all grounded in history nor facts.
Finally I think you mis-understood my point in regards to S. Korea/Japan. They have had LONGER to grow economically in the sense that until the mid 1970s China was essentially a collapsed country, with really NO economy. Irregardless of time, both S. Korea and Japan grew their economies out of authoritarian governments. S. Korea was for most of the latter half of the 20th century a military state and Japanese politics was dominated by a single party. Both not exactly what I would call open democratic regimes.
No idea what you mean by "a non 'free-market' system is a better approach when it's provided such poor returns...", can you define "poor returns"? China has been one of the fastest growing economies for the past 30 years. How is that poor returns? In fact, its the very authoritarian regime you lambast as being economically inefficient that has been cited as the source of China's seemingly "magical" growth.
Lastly, you absolutely CANNOT ignore China's massive population when analyzing the country's current and future states. Having to support a nation of 1.3 billion people is an epically difficult task and as I state in a prior comment, ALL problems in China derive from its population problem.
Anyways the point of all of this is not to defend China. The hyperbole and level of mis-understanding among the HN community in regards to China is absurd. This is not a good/bad issue. China's problems are nuanced, just like all things in life. It helps no one by making blanket statements that are derived from quick google searches and superficial understanding of complex issues.