By He Qinglian on September 10, 2012.
At a time when foreign financial institutions frequently issue warnings on China’s economy—its financial sector in particular, Jackson Diehl of Washington Post jumped on the band wagon. In his article published in the September/October issue of World Affairs, Diehl made an even more pessimistic prediction, stating that authoritarians in both China and Russia are facing a coming collapse, and yet neither of the two U.S. presidential candidates has made any preparation on that.
When foreign China watchers observe China, they frequently overlook one thing: the politics with the CPC characteristics is politics without responsibility. The heads of the Party and of the government have never had to shoulder responsibility for their policy mistakes. If half (not all) of the current signs of crises in China emerge in the U.S., Japan or the E.U., the economic crisis of these countries would have long turned into a political one, resulting in the collapse of the government, the resignation of the cabinet, as has happened in Greece.
