Of course, it is hard to compare anywhere else to China given the sheer scale of the People’s Republic and its transformation. And yet, much like Mexico in the 1990s, China has long been ruled by a one-party dictatorship that has outgrown its ideological purity (all lip service aside) in favor of a widely acclaimed technocratic pragmatism. If there is a social contract in China, it boils down to the government telling its people: You all pretend to be communists, and so will we; but we’ll actually allow you to become wealthier by not being real communists, so long as you don’t rock the boat and play along.

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