Word: socialism
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Dates: during 2000-2009
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...sustain it in power indefinitely? Perhaps. The CCP's sustenance to date has certainly surprised many leading China watchers. But, going forward, the major challenge to the Party will likely be its ability to deliver adequate "public goods" to the population: health care, education, environmental protection and other social services. Providing stability and ever increasing personal wealth will not be enough to guarantee the Party indefinite legitimacy - it must continuously improve the quality of life of its citizens. This is China's new revolution: the revolution of rising expectations...
...Shambaugh is professor and director of the China Policy Program at George Washington University in Washington, D.C., nonresident senior fellow at the Brookings Institution, and currently a visiting scholar at the China Academy of Social Sciences in Beijing. His latest book is China's Communist Party: Atrophy and Adaptation...
...Some historians of China think they see the telltale signs of dynastic decline: government corruption, social discontent (especially in the countryside), autocratic rulers and a militarizing state. Some contemporary China experts also voice their doubts - proclaiming the regime fragile and the political system ossified - while economists question how long the dynamic growth can continue...
...more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are more political and philosophical in nature: Should any bank be too big to fail? What should be done with financial activities that seem purely speculative and of questionable social use? How can the short-term, get-rich-quick mentality that drove so much market activity before the crash - and inflated those bonuses - be curbed? Is there a place for morality in the world of finance? (See the financial crisis after one year...
...polite posturing of Germany's election campaign captures the mood in most European capitals at the moment. Both Chancellor Angela Merkel's center-right Christian Democrats and the center-left Social Democrats of Frank-Walter Steinmeier remain committed to Berlin's 4,000-strong troop deployment in Afghanistan as part of the multinational force there. But Die Linke, a smaller, left-wing party, has won support by campaigning on an immediate withdrawal, and as public support for the Afghanistan mission falls even the mainstream leaders are having to take notice. Steinmeier has recently hinted that he would pull troops...