If we take the latest pronouncements from their Politburo at historical value China must be near their collapse point.

Over the weekend China used the Trump inauguration to warn about the perils of democracy, touting the relative stability of the Communist system as President Xi Jinping heads toward a twice-a-decade reshuffle of senior leadership posts.

Without directly referencing the new president, China wrote that democracy has reached its limits, and deterioration is the inevitable future of capitalism, according to the People’s Daily, the flagship paper of China’s Communist Party. It devoted an entire page on Sunday to critiquing Western democracies, quoting former Chairman Mao Zedong’s 1949 poem asking people to “range far your eyes over long vistas” and saying the ultimate defeat of capitalism would enable Communism to emerge victorious.

“The emergence of capitalism’s social crisis is the most updated evidence to show the superiority of socialism and Marxism,” said one of the People’s Daily articles.

Capitalism is in social crisis? It has been ongoing for hundreds of years. Why does it keep working (after a fashion) when other systems fail? Because the world is not a stable place. It keeps changing.

Right now we are in the middle of one of those changes where the old order is collapsing. And certainly the INs are trying to keep the upstarts out. It never works for too long. And then another up cycle begins and stability gives way to innovation.

And the historical record?

As Bloomberg observes, the unusual series of commentaries in the People’s Daily mirrors Soviet efforts to promote an alternative political and economic system during the Cold War. The rise of anti-establishment, protectionist politicians like Trump, amid populist winds on several continents, has sent political parties scurrying to shore up their support, helping China to portray itself as relatively steady.

Ironically, realizing a power vacuum is forming in global “governance”, Xi has used recent speeches to international audiences to tout China’s economic and political values and has said that globalization, despite its flaws, should endure via the existing international system of finance and trade. That’s even as state media criticizes democracy and capitalism amid efforts to build support at home for the party. Translation: China remains largely an export-driven economy, and any threats to the global trade model could have dire consequences for social stability in China.

I don’t think you get social stability from top down economics. It lacks adaptability. The top represents the INs and they will not give way to the OUTs without severe social unrest. A revolution even.

Democracy is in fact a political safety valve. The population gets to express its discontent by choosing its leaders and policies. In America, if we don’t like smog we pay the price and clean it up. In China they just repress smog reports. Because some one at the top depends on that smog for his profits. And dissent is not the highest form of patriotism. It is a crime.