Sunday, July 7, 2019

Democracies are on track to lose their global economic dominance as ‘authoritarian capitalism’ rises


By CNBC, July6, 2019

This week's mini-drama over President Donald Trump's Fourth of July speech, with all its military accompaniment, shouldn't distract anyone from the far more significant story of global democratic decline on this 243rd anniversary of American Independence.

Dangers are accelerating to the democratic ideals that the American Revolution inspired. If no unanticipated shock disrupts current trajectories – say a democratic uprising in China, a Russian regime change or, still significant, a Venezuelan dictator's decline – autocratic powers will surpass democracies in their economic size and influence within the coming decade.
Read More: https://www.cnbc.com

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