Word: systemics
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...first glance, China's political system has not changed much since 1949. It is still a Leninist system, dominated by the CCP and an oligarchy of its self-selected leaders, which tolerates no opposition. The Party's powerful Organization Department oversees all major appointments in the country, and one must really be a party member to get ahead professionally. Party and government organs remain essentially as they were six decades ago, copied from the Soviet Union...
...while much of the structure and essential nature of the system remains largely the same, the substance and process of politics has changed quite a lot. The leadership and the 76 million party members are better educated and their recruitment and promotion is much more meritocratic. Competence is now rewarded. In the past, there existed only two exit paths from officialdom: purges and death. Now mandatory retirement is firmly implemented. Instead of being a totalitarian party dominated by a single leader, the CCP today is an authoritarian party with a collective leadership. The leaders themselves - at least those I have...
...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...
...While the system and country have weaknesses and challenges, the Sinological landscape is littered with its naysayers and critics. The People's Republic of China has endured for six decades and has overcome a wide variety of serious domestic crises, border wars and international isolation. Its strengths and adaptability have repeatedly been underestimated by outside observers. One thing is certain: China will remain a country of complexity and contradictions - which will keep China watchers and Chinese alike guessing about its future indefinitely...
...French Banking Federation. But the tide is against such critics. As Stark of the ECB put it in a speech this month, "the simple statement that 'if banks are too big to fail, they are probably too big to exist' is a reasonable rule." The postcrisis financial system, he predicted, "will probably place greater emphasis on traditional banking activities, which tend to produce lower margins, but are also more robust, less risky and less volatile...