Venture capitalist Eric X. Li, in an op-ed for The New York Times, Why Chinas Political Model Is Superior, credits the 1989 Tiananmen Square massacre with producing the stability that ushered in a generation of growth and prosperity.
No question about the growth: Chinas economy has been experiencing double-digit expansion for years, now boasting the worlds second largest economy. But if political repression really formed a necessary ingredient in economic progress, the worlds economic rankings would look nearly reversed.
As for America, Li explains that our problem is an expanded political franchise, resulting in a greater number of people participating in more and more decisions.
Elected representatives have no minds of their own and respond only to the whims of public opinion as they seek re-election, Li informs, and special interests manipulate the people into voting for ever-lower taxes and higher government spending, sometimes even supporting self-destructive wars.
Who is Li kidding? The American people didnt get a vote on going to war in Iraq or Afghanistan (or launching drone strikes in a particular country such as Yemen or Pakistan or . And Congress doesnt dare vote to declare wars anymore, fearing a measure of accountability might result.
We certainly didnt vote for Obamacare, which was unpopular when passed. We didnt vote for Mr. Bushs tax cuts — though given the choice, I would have — or his new Medicare entitlement.
The people never voted to raise the debt ceiling.
We certainly didnt vote for Mr. Bushs stimulus or Mr. Obamas even bigger stimulus spending. We didnt favor or have any say on the massive and wrongheaded TARP bailout.
Our current crippling level of taxes, spending, and massive debt has been set entirely by our elite national political leaders. The problem isnt too much control by the people, but too little.
Still, Mr. Li blindly points to California and predicts an American future of endless referendums, paralysis and insolvency.
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