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Breakneckâ Dan Wang
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Introduction
Drive around America and China, on the other hand, and youâll see people and places that are utterly deranged. Thatâs not a reproach. These two countries are messy in part because they are both engines for global change.
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The Chinese state builds gleaming public works and doesnât flinch from locking up ethnic minorities or locking down whole cities. Too many outsiders see only the enrichment or the repression. Living there puts you face to face with both a sustained rise in living standards and authoritarian pulses emanating out of Beijing. It became no contradiction for me to appreciate the things that are getting better and getting worse. I saw how China is made up of both strong entrepreneurs and a strong government, with a state that both moves fast and breaks things and moves fast and breaks people.
The best hedge I know against heightening tensions between the two superpowers is mutual curiosity. The more informed Americans are about Chinese, and vice versa, the more likely we are to stay out of trouble.
1. Engineers vs. Lawyers
Looking at these two countries, I came to realize the inadequacy of twentieth-century labels like capitalist, socialist, or, worst of all, neoliberal. They are no longer up to the task of helping us understand the world, if they ever were. Capitalist America intrudes upon the free market with a dense program of regulation and taxation while providing substantial (albeit imperfect) redistributive policies. Socialist China detains union organizers, levies light taxes, and provides a threadbare social safety net. The greatest trick that the Communist Party ever pulled off is masquerading as leftist.
Xi has talked about achieving national greatness without backing it up with economic growth. The trouble is that when people sufferâ as they do through a property collapse, high unemployment, or lockdownsâ they start to wonder what they are really getting. Itâs certainly not enrichment. When theyâre given a cold, hard smack in the face by something that certainly doesnât feel like greatness, they become unmoored. This sense of alienation has been a big reason to rĂšn.
Sometimes I think that the United Statesâ tech competition with Chinaâ chaotic policymaking under Trump, porous implementation under Bidenâ has ended up in the worst of all worlds. These restrictions have scorched Chinaâs most dynamic companies without killing them, which riles them up to break free of American restrictions.