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April 11, 2008



But China is also nowhere near becoming a democracy, and its achievement scares nations around the world—and excites others—because it suggests that you can rapidly embrace globalization, achieve great income growth

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A grand bargain was struck: Deng won military support for further market reforms so long as a lid was kept on political change, and the army was afforded enough of a budget to modernize.

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Many from that generation will tell you that, before Tiananmen, they felt freedom was “90 percent political and 10 percent economic,” but after Deng’s crackdown, they concluded—somewhat harshly—that real freedom was “90 percent economic and 10 percent political.”

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