In Part 1, we discovered what happened to India as a multi-party parliamentary democracy.
What does US history teach us? Since Independence, the US has had several financial crises leading to severe unemployment and economic hardships for many. The US suffered through financial/economic depressions in 1807, 1837, 1873, 1893, 1929-1939 (known as the Great Depression). Source: San Jose State University Department of Economics
Then there was the recent 2008 global financial crises leading to about 64 trillion dollars in global losses and tens of millions of lost jobs (9 million in the US and about 20 million in China alone).
This global financial collapse had its start in the world’s most powerful democracy and could have been avoided.
Although there have been many predictions in the West that China’s economy will collapse, that hasn’t materialized yet as it has in the US several times.
In fact, soon after the 2008 global financial crises hit, China put the unemployed back to work while importing goods from other nations helping to support those economies to survive the crises.
As The Damned clearly shows, democracy doesn’t always work, and Abraham Lincoln was a tyrant, who plunged the US into the bloodiest war of its history.
This happened again in Vietnam under President Johnson and in Iraq under President G. W. Bush.
For example, after the Qing Dynasty collapsed in 1911, instead of an orderly republic replacing it as Sun Yat-sen hoped, China fractured with warlords fighting each other in every province.
Then in 1926, Chiang Kai-shek’s distrust of the Communist Party led to decades of Civil War (1926 – 1949) and unrest instead of cooperation between the two founding parties of Sun Yat-sen’s fledgling republic — the Communist and Nationalist parties.
In Part 3, we will learn from Chinese history and the US today.
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