Political Reform For China

China is a one party state. It is a wounded civilization. How would you feel if you were Mayor of town generation after generation, and suddenly they conspire against you make you the town janitor? China is the emperor who is no longer the emperor in the movie The Last Emperor, or at least was until about 1990. Now the Mayor is back in town.

China is an ancient civilization and you have to respect that if you want to deal with it.

So it is a matter of pride. China is not about to become a multi-party democracy where the communist party is no longer above the state. But there still is need for political reform.

One idea would be that the communist party would select two people for every office, be it Mayor or Governor, or President, and the people, through adult franchise, would vote and pick one of the two. Both candidates would get equivalent funds from the party for campaigning.

This would be bold, this would retain the one party state, this would be a major, visible move.

Another, my favorite, is, Mr. Xi, "tear down this wall" you have wrapped around the Internet.

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Nearly 25% of Chinese stocks have stopped trading
China's stock markets have now lost $3.25 trillion. To put that in perspective, that's more than the size of France's entire stock market and about 60% of Japan's market.
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Why does this matter to people outside of China? A rapidly sinking stock market is often a sign of an economy in turmoil. Remember 2008? And 2000? .... U.S. banks have nearly ten times as much exposure to China than Greece.