Most democracies have elections every 4 or 5 years. That is good, in that we can get rid of underperforming politicians and parties. But it is bad, in that there isn't a lot of incentive for politicians and parties to plan over a longer timescale than 4 or 5 years.
China has the opposite problem. It can plan and finance long term projects. But there is little prospect of peacefully changing the leadership.
China has the opposite problem. It can plan and finance long term projects. But there is little prospect of peacefully changing the leadership.