I agree with the first point regarding a low impact of risk aversion in younger demographics.
Your point on the consequences for the CCP, not so much. They have an iron grip on their people and information flows. COVID provides them with validation to tighten that grip. I think what will topple them will the be long run consequences of resource misallocation rather than anything their citizens can do. Their 'cost-to-control' is too low for civil unrest to be an issue, in my opinion.
Your point on the consequences for the CCP, not so much. They have an iron grip on their people and information flows. COVID provides them with validation to tighten that grip. I think what will topple them will the be long run consequences of resource misallocation rather than anything their citizens can do. Their 'cost-to-control' is too low for civil unrest to be an issue, in my opinion.