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Both Hong Kong and Singapore do not have full democracies, yet these two places have some of the highest standards of living in the entire world.
These two places also have a population that is majority ethnic Chinese. Why fix what isn't broken?
Then again, Taiwan has full democracy, and they do alright as well.
And the Mainland currently has the best sustained economic growth performance out of any country in history.
So the lesson is that all systems can work, the important thing is the implementation.
Both Hong Kong and Singapore do not have full democracies, yet these two places have some of the highest standards of living in the entire world.
These two places also have a population that is majority ethnic Chinese. Why fix what isn't broken?
Then again, Taiwan has full democracy, and they do alright as well.
And the Mainland currently has the best sustained economic growth performance out of any country in history.
So the lesson is that all systems can work, the important thing is the implementation.