tag:blogger.com,1999:blog-5458209304128232367.post1322350800904816175..comments2023-11-02T08:44:12.524-07:00Comments on China Economics Blog: Big Carnage in Big China: crisis fallout continuesAnonymoushttp://www.blogger.com/profile/08649345297844206449noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5458209304128232367.post-50468927791421189992008-10-31T07:19:00.000-07:002008-10-31T07:19:00.000-07:00What I meant by this last comment "people will sta...What I meant by this last comment "people will start thinking '89 again" is that the spring and summer of 1989 were originally more about economic issue than democracy. In fact, democracy was a rather late comer to the Tiananmen party. Social unrest in China is most often related to one of two things: unemployment and/or corruption. Rarely are people protesting for more rights. (Despite what many Westerners want to believe, the bottom line is that most people in China have never had it so good. Really.) But if growth drops below the magic 8.5% point that is needed just to keep new workers employed there will be increasing larger numbers of people with reasons to protest. And that is scarier to the current government, I think, than just about anything else. Beijing remembers 1989 too.dvdd8nhttps://www.blogger.com/profile/09923026497904737837noreply@blogger.com