Democracy Versus Growth?
Europe’s ongoing malaise has reignited the old debate over which form of government produces better economic performance. Are authoritarian regimes, with their ability to ram through unpopular choices, more effective at generating growth, or does liberal democracy, with its built in checks and balances, yield greater prosperity?
https://prosyn.org/M0ytTWW
PRINCETON – Europe’s ongoing malaise has reignited the old debate over which form of government produces better economic performance. Are authoritarian regimes, with their ability to ram through unpopular choices, more effective at generating growth? Or does liberal democracy, with its built in checks and balances, yield greater material prosperity?