Subject: Re: Investing with an eye on rising authoritarianism
Probably because for part of those 30 years, China was moving away from more authoritarianism and towards more capitalism. Now it is the opposite.

It's hard to draw firm correlations between government style and how well capitalists do.

But FWIW, it's worth recalling that in 1949 the revolutionaries simply closed the Shanghai stock market, for an effective -100% realized loss on every position. No stock market for the next 40+ years. That's definitely not a prediction (per comment above), but it's always good to remember what the range of possible events is. Anything that has happened once is definitely possible, and presumably a whole lot more besides.

Jim