If Beijing’s authority can wobble in the way that we are now seeing, might it one day actually collapse or be overthrown? 🔵 wallaceme for ipaperviews
Think of the systems – economic, trading, foreign policy and defensive – which are predicated on the presumption that the Chinese Communist Party continues to reign supreme. It’s happened before – seemingly immovable, eternal great powers that have gone from everlasting to collapse in alarming short periods of time.
The pandemic gave a brief insight into the shock that occurs when there is even brief interruption to these systems – imagine what would happen if there were a sustained civil war in China, for example, disrupting economic output on a similar scale to the disruption to the Ukrainian economy.
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