Is democracy overrated? Is China overtaking the West because they are NOT democratic?
Western democracies suffer from many weaknesses: politicians excessively focused on the short term and just getting re-elected, hung parliaments which cannot agree on legislation and thus very little gets done. Furthermore, maybe the average voter is not sufficiently knowledgable about public policy and macro-economic planning to be qualified to vote for the best candidate.
China, on the other hand, has a generally unified government which can act decisively. It can act with a medium term and long term focus in order to create policies and make investments in infrastructure which maximize the well being of the country.
Will democracy and all of its weaknesses cause the downfall of the West when faced with the tough competition created by the Chinese?