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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (26056)3/21/2005 12:48:17 AM
From: Amy J  Read Replies (3) of 116555
 
Yiwu, RE: "this must be the difference bet. a democratic gov. and a dictatorship"

It is actually.

This is why China is 2X the growth of India since the 70s. India is Democratic and China isn't.

Below a certain $ per capita, Democracy is awfully inefficient.

Meanwhile, China is more efficient and takes a hard stand at doing what's right.

This is why Democracy doesn't work below a certain per capita. Of course, dictatorships don't work well above a certain $ per capita.

So-called freedom is nonesense when people are starving and would much prefer the "freedom" to eat - something a dictatorship is better at ensuring than a democracy in the early stages of a country's economic conditions up to a certain per capita.

China has saved many more lives than India, purely because they raised their per capita faster than India so less people starve now. People never look at this intangible when they look at China.

In a small picture (or snapshot of a year), sure, China has some policies that have hurt people, but if you measure China over 30 years, less people have died in China than India from starvation. That makes China's dictatorship a more humane structure than India's democracy, if one believes freedom includes the basic right to have food.

Regards,
Amy J
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