A superb summary of why China remains an authoritarian capitalist society. I have predicted that China is likely to face a major crisis in the next five years, most likely after the 2008 Olympics, either because of social unrest led by disgruntled workers and peasants, or because of a financial collapse due to its mismanagement of the process of economic restructuring.
STEPHEN F. DIAMOND
A legal scholar and political scientist at Santa Clara University in Silicon Valley.
