Eric Li on the new world order proposed by China

Following the collapse of the USSR, globalism hijacked globalization. And that is the problem.

Globalization is defined as interconnectivity driven by movement of people, technology and economies.

Globalism is based on the doctrines of neoliberalism (the Washington Consensus). It is a drive lead by the US to universalize Western values. Western values contain three components politics (liberal democracy), economics (market capitalism) and international relations (institutions like the IMF and WTO).

This does not allow the various cultures the space to figure out their systems for themselves.

China is proposing a different approach where the countries should decide for themselves how they want to run things internally. Countries should limit their interfacing to just economic transactions.

Drawing lessons from the failure resulting from wholesale adoption of Communism, China choose to push back on repeating the same mistake with neoliberalism. Instead it choose to forge its own path to figure out system that works for itself. To date it has successfully lifted 800million people out of poverty while keeping income inequality low and social mobility healthy.

While the country remains under the rule of a one party government, its HR system is one of the most rigorous systems in the world. Candidates are put through a rigorous process of cross training across various departments where they gain management expertise. Only the most able candidates are promoted to the central committee after a 30 year long process.

Key take away

The effects of counter balancing that is classical of liberal democracies that is managed through a two party system could still be possible in a one party system so long as it can keep avoid being

  • operational rigid
  • political closed
  • morally illegitimate

and strive to maintain the following

  • adaptability
  • meritocracy
  • legitimacy

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