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by pm90 2681 days ago
I don't think the argument is that India is not doing well in the absolute sense, but whether it could have done far, far better with a non-democratic political system like China.

I do think its an important question and one that should be answered in good faith. If we do believe that democracy does not hinder but perhaps help economic development, we should know that. If it does hinder, we should ask: is the price paid worth it?

4 comments

You ask a pertinent question that unfortunately will be shut down. The pro democracy movement has convinced us that even villagers in Africa should have a say in our monetary policy. No I am not saying villagers in Africa are stupid, they just have not been exposed to monetary policy. Same way I know nothing about diesel engines but I know about SQL. Democracy says we all have a say even in things we don't understand so we, particularly Africa end up with charismatic leaders who are willing to wing it. I gather from the little bits of history that I have read that most development in the West didn't happen under democratic rule. It is only relatively recently that the common man has had a say. Trouble with dictatorships is that you get good and bad. Rwanda and South Korea have thrived under "dictatorships". Whereas we have become a dysfunctional state. If only there was a way of selecting benevolent dictators and removing them. Alas there is no clear path.
I suspect that democracy is mostly an independent factor from effective economic development. You can have policies and power structures that facilitate or hinder development under all forms of government.

Though I do think there may be an inhibition of development for economics that accept austerity and classical international investments advice.

Isn't India as a country much more diverse than China? I mean I realise China is diverse too but in comparison. Putting a heavy yoke on a diverse country sounds like a recipe for rebellion.
India has 20+ languages with atleast one million speakers. China has one common uniting language Mandarin. I speak 3 Indian languages, yet when I moved to a new state for work, none of those languages help me while communicating with locals.
Yasheng Huang: Does democracy stifle economic growth? https://www.youtube.com/watch?v=UR-uWwvpn5c