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by nine_k
2767 days ago
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Dictatorships are not very efficient economically, it seems. China has become an industrial powerhouse when some modicum of economic liberty was admitted by Deng Xiaoping. Dictatorship stifles internal economic competition, and makes the economy less and less efficient. If Mao times look too drastic a comparison, you can compare to the USSR, which was also, well, nuanced, and had leaders stat stayed at power for decades. How well did it fare against the US? |
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