Assigning Blame for a Hard Landing

Over the next few months we should start to see an answer to the “hard vs. soft landing” question. Since talk of a possible hard landing began, I’ve often wondered how China’s propaganda apparatus would respond if and when China’s economy takes a sharp turn south.  The party can’t exactly just say, “Oops. I guess our system is deeply flawed and not as superior as we led you to believe.” Its legitimacy lies almost completely in the idea that efficient economic growth is a result of its authoritarian model.

Economy, Politics