Xi Jinping’s dictatorship isn’t what the end of history was supposed to look like.
On Sunday, the Chinese Communist Party Central Committee recommended ending the two-term limit on the presidency, paving the way for President Xi Jinping to stay in office indefinitely. This surely marks the end of an era — and not just for China, but also for the West.
For the West, the era in question started with the end of the Cold War, as old enemies became “emerging markets.” China had already started opening its markets to foreign investment since 1978 under Deng Xiaoping’s reforms. But only in the 1990s did the private sector take off there, and Western firms promptly rushed in to profit from the breakneck speed of Chinese economic growth. Continue reading “Globalization Has Created a Chinese Monster”