It’s safe to say that maximisation of income is only one of quite a lot of factors, which drive how people vote, which leaders they support, which revolutions succeed. Many economists don’t get that. (View Post)

The US is not *yet* an autocracy. If it becomes one under Trump, we can safely assume that it will become not just less free but also less competently run. But, if you do want worked examples of effi… (View Post)

The big drawbacks are rampant corruption, suppression of personal freedom, indifference to the welfare of the masses from those at the top, and probably most important of all - inability for those at… (View Post)

You're overlooking the base figure that each country is coming from. (View Post)

Whatever his faults, (and despite the one-child folly), I think that Deng did do an incredible amount of good, for a very high proportion of the human race. (View Post)