Comment Re:This is a move of desparation (Score 1) 234
In a way, China has been like Amazon or, previously, Walmart. The allure of hypergrowth brought participation and consensus of many, who labored tirelessly for a big payout and, at first, got it. Then hypergrowth began to slow, and early participants began cashing out, which changed the 'total commitment' culture and soured the milk, first with Walmart and then with Amazon, which usurped Walmart. The advantage of an oligarchy is oligarchs change more frequently, and there are so many that they could never reach a collective agreement on anything - even what to have for lunch, much less how to run a country. China has all control in one basket and no private forces to balance it out. Its only option out is a revolution, and they are far too big and dangerous for that to happen.