Close Menu
    What's Hot

    Fed Rate Decision Looms Over Crypto: Bitcoin Hyper Hits $33.1M

    September 7, 2026

    AM Markets Need to Know: Trump approval falls, AI spending surges, and more (SP500:)

    September 7, 2026

    We Moved Our Kids From a Small Town to Chicago. It Was the Right Call.

    September 7, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»The case for democracy (from the comments)
    Economy

    The case for democracy (from the comments)

    Press RoomBy Press RoomJanuary 20, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    I was democracy-pilled by reading biographies of Franco and Salazar. The Iberian countries in the 1930’s were what every right-wing authoritarian fantasizes about: vigorous young conservative dictators firmly in charge of a country, liberals totally defeated and out of power. Both were able to stay in power for decades.

    The result? For a while they owned the libs but eventually their countries just stagnated. Badly. To stay in power, Franco and Salazar had to systematically defang any organization that could in theory threaten their rule. Yes this meant left-wing universities and pro-democracy groups, but it also meant the church, the military, etc. Salazar in particular tried to trip these of power and resources so they could never threaten his rule. A damning incident in the Franco biography was that near the end of Franco’s rule his Prime Minister was assassinated by Basques and Franco couldn’t find a replacement for him. A country of tens of millions of people and nobody qualified to be PM. That’s what decades of suppressing the production of new elites does. To a dictator, any young ambitious person is a potential threat and must not be allowed to blossom too much.

    Democracy has many flaws but having rival teams of elites is something you don’t appreciate until you lose it.

    That is from Hadur.

    The post The case for democracy (from the comments) appeared first on Marginal REVOLUTION.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Fed Rate Decision Looms Over Crypto: Bitcoin Hyper Hits $33.1M

    September 7, 2026

    AM Markets Need to Know: Trump approval falls, AI spending surges, and more (SP500:)

    September 7, 2026

    We Moved Our Kids From a Small Town to Chicago. It Was the Right Call.

    September 7, 2026

    Eurozone Q2 GDP growth revised to 0.6% Q/Q

    September 7, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • September 2026
    • August 2026
    • July 2026
    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.