China

Economist Jim O’Neill on public radio suggested that countries around the world will follow China’s economic policies rather than those of the United States. He bases this on China’s phenomenal GDP growth which has been 10% for many years. Does he mean that countries would sacrifice the ability to elect their own leaders, to do without a free press, and be afraid to speak out against the government to increase GDP? I think he is forgetting about the down side to China and just looking at growth. China is a communist country that is ruled by the 7% of the population who belong to the party. 93% have no say in government policy.