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by galaxyLogic
774 days ago
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It seems obvious to me that authoritarian regimes have much more corruption than democratic ones because in a dictatorship there is no transparency and therefore corruption goes undetected. That means that power and wealth gets concentrated into hands of a small elite. There is less true innovation. What makes things cheaper is the progress of democracy. |
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It is with some restraint that I note that "democracy" per se does a piss-poor job of preventing this, when Tim Cook's net worth exceeds the yearly GDP of the Seychelles. This is particularly true in a world where capital controls information channels, and therefore public opinion. To really prevent capitalists from capitalizing on their capital to amass ever more capital, you also need a social infrastructure that redistributes wealth away from powerful individuals back to society, so that social issues can be addressed.