The Downfall of China or CCP 3.0? is a book for everyone that aspires
to understand the enigmatic Middle Kingdom which has become so mighty
that its domestic affairs are bound to play out also globally. The
author describes why we now have arrived at a critical junction where
the path chosen by the Chinese Communist Party (CCP) will decide whether
it will face an impending downfall, or yet again can manage to radically
transform itself and weather the storm.
China has faced similar transformative moments before when the CCP
cleverly managed to re-invent itself from its former hardcore Marxist
dogmatism, that produced nothing but misery and impoverishment,
commencing with the downfall of communism in Eastern Europe from 1989
onward. This CCP 2.0 was labelled socialism with Chinese
characteristics, where a carefully staged semi-market capitalism was
introduced and saved the CCP from its Eastern European peers' demise.
Now, the state commanded semi-market economy is showing signs of
stagnation and coming to standstill, exacerbated through an ongoing
trade war with the US and China is at a crossroads. Is the downfall of
China imminent or can the Chinese Communist Party reinvent itself and
create CCP 3.0?
Niklas Hageback has an extensive background in psychology, working with
behavioral finance, modeling irrational collective behavior at tier-one
financial institutions and consulting firms, such as Deutsche Bank,
KPMG, and Goldman Sachs. His previous works include the bestseller, The
Death Drive: Why Societies Self-Destruct.
