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China plays chess, while Russia plays poker

The David McWilliams Podcast

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The End of Democracy

I think that liberal democracies have at their essence and believe it or the market system has at its essence, its essence, a fundamental value. So the promise of democracy and capitalism is you can actually rise up. And I think that basically China, although it looks very, very powerful now, what is on offer from the Chinese Communist Party is a redundant ideology,. Of communism. What they're trying to appeal to this brand new style of communism. I think we've reached peak China now. And I Think that China is highly likely to repeat the trajectory of Japan. That is that China has got old before it's got rich. It was their big fear that they would get old before they got

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