this post was submitted on 25 Aug 2023
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That's one part that I'm not convinced about. I think it can and will happen in isolation, but whether it is stable in the long term and spreads to other countries is another.
One thing that I notice with the communist/socialism gang is that they often simultaneously have faith in the good of mankind and condemn all pro-capitalists and western politicians as evil. Reality is more nuanced, of course.
Anyway, I expect it will be the most robust political and economic systems that will survive and prosper. There are many big challenges (eg. climate change & competition for limited resources), as well as intentionally thrown spanners. Often it has been, and no doubt will continue to be, those who wield the biggest sticks that get to dictate or influence the rules.
My personal hope is that China walks peacefully forward toward a healthy form of socialism and is able to lead the world by example. I have my doubts, of course.
It's already happening in other countries, other first world developed countries have universal healthcare, are looking at reducing full time working hours, implementing UBI not to mention more robust and fair electoral systems.
America still has a very strong Conservative grift slowing the country's social progress, but the need for the masses to survive will always outweigh the need for the individual to be greedy so movement towards social benefit is slow but inevitable.
I'm in one of those countries (no UBI experiments yet). We have worker's councils in large companies and unions, but there is still significant income and (more-so) wealth disparity. On the whole, this is one of those rare cases where the US has helped set-up a better and fairer system abroad than they have at home.
Perhaps the best thing that could happen to the world would be for the US to reform itself - healthcare first. I have bigger doubts here than China, though.
Until such time as they are truly working toward fair democracy and human rights at home and abroad, I think we need more bulkwards against US corporate interests (similar with other countries). Basing international trade purely on business interests and political whims doesn't seem ideal - perhaps we need more principle based international trade, with incentives to improve.