the less money you had. So the government made a deal with the people, but was that sort of an explicit offering that the government did that they said, look, not in these exact words, but leave us in power and we will reform certain parts of the economy that many of you had wished we would in order to expand economic growth? What was the conversation that happened internally in the country around that cataclysmic sort of event? Well, I think there's a little bit of a misunderstanding embedded there. A system like the Chinese system is not concerned with what people think. The interlocutors are not individuals. The interlocutors are entities, state-owned enterprises, and local governments, and those are the constituents for the national government and the people they have to talk to. The individuals will follow. So what the central government did, it was a process of negotiation, not one of strong arming, although it was pretty clear who had more power than whom. So the central (16/57)
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