Beginning in the late 1970s, China overcame centuries of stagnation precisely because Mao’s successors understood that they had to decentralise the P… - Niall Ferguson
" "Beginning in the late 1970s, China overcame centuries of stagnation precisely because Mao’s successors understood that they had to decentralise the People’s Republic, giving economic if not political power to the people. If western commentators are right, Xi Jinping wants to go in the opposite direction. If the Chinese are lucky, he will turn out to be an enlightened absolutist, like Singapore’s Lee Kuan Yew. If they are unlucky, he will be just another emperor who fondly dreamt of controlling a fifth of humanity.
About Niall Ferguson
Niall Campbell Douglas Ferguson (born 18 April 1964) is a British historian. He is the Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Research Fellow of Jesus College, University of Oxford and a Senior Fellow of the Hoover Institution, Stanford University.
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Additional quotes by Niall Ferguson
Protestantism made the West not only work, but also save and read. The Industrial Revolution was indeed a product of technological innovation and consumption. But it also required an increase in the intensity and duration of work, combined with the accumulation of capital through saving and investment. Above all, it depended on the accumulation of human capital. The literacy that Protestantism promoted was vital to all of this. On reflection, we would do better to talk about the Protestant word ethic.
The creeping crisis of confidence in Empire had its roots in the crippling price Britain had paid for its victory over Germany in the First World War. The death toll for the British Isles alone was around three-quarters of a million, one in sixteen of all adult males between the ages fifteen and fifty. The economic cost was harder to calculate.