主题：大前研一声称中国房地产现状是8000万套空房用于投机 -- PBS

No incentive, no action.

FDR reformed USA into a more fair society because the political/financial elites realized that their old approach was bankrupt and they had to follow FDR to restructure America under the "New Deal".

Otherwise, a revolution would eliminate them all.

In China, there is litte fear among the elites. They still believe that their tanks/guns will help them forever, just like they did in 1989.

In sum, I do not see any well-organized interests group there with such an incentive to prevent China from its current path. In China's history there are only three periods: brutal exploitation by the haves and then brutal revolution to get rid of those haves under the old dynasty; in the middle you will have several decades of peace and prosperity.

Over all, it is a country that can only revolve, but not evolve. In the 20th century when it evolved, it was due to the pressure from the external world.