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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (9407)	9/18/2006 9:29:51 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 217820

I really wonder whether democracy is necessary for capitalism to flourish. It sounds attractive but history shows examples to the contrary. Russia under the Czarist yoke underwent a boom in industrialization during the years 1890=1914, fuelled in good part by foreign capital. Britain ruled India without democracy, for the first century or so and the East India company flourished. Japan industrialized from 1868 to 1931 without a shred of democratic liberties. Then they began world war 2. I think democracy has been favored by the liberal capitalists who have been fearful of any one capitalist or any small group of capitalists seizing control, to the liberals' detriment, i.e. grabbing their property by force.