Sometimes, even in an authoritarian system, externalities become important. Deadly air pollution, undrinkable water, dead pigs in rivers, and contaminated food can take legitimacy away from a non-democratic regime whose leaders promise to make things better for people.
And, in China, it's necessary to pay attention to the state owned enterprises (SOEs) that dominate the economy. The people in charge of them would be called oligarchs if they were in Russia. As Party bigwigs as well as industrial magnates they wield a lot of power. And they have vested interests in promoting growth above all else.
And, in China, it's necessary to pay attention to the state owned enterprises (SOEs) that dominate the economy. The people in charge of them would be called oligarchs if they were in Russia. As Party bigwigs as well as industrial magnates they wield a lot of power. And they have vested interests in promoting growth above all else.
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