Business and Democracy Further Reading

Democracy might be in crisis. But autocracy certainly is

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“Crisis of democracy” is a cliché of our time. But what about the even more consequential crisis of autocracy? Just watch the meltdowns in China, Russia, Turkey and arguably Africa’s biggest authoritarian state, Ethiopia.From the financial crisis of 2008 until last year, authoritarians were frequently praised for their supposed efficiency. Their countries’ economies were growing faster than western ones, with China’s doing so for decades (though getting richer is easy if your starting point is self-imposed mass famine). Admirers also argued that authoritarians could think long-term, whereas democratic leaders always had to worry about elections…

You can read the full article from the Financial Times here.

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