Get the latest tech news
Against 'Free Market Authoritarianism'
by Aris TrantidisClick here for a print version of this essay (PDF), and remember that paid subscribers get a year’s worth of print editions of IQ Can a ‘free market’ version of authoritarian…
The persistent debt crisis and reluctance to implement substantive reforms underscore broader skepticism about a democracy’s capacity to sustain long-term economic growth and stability amid complex socio-economic dynamics ( Trantidis 2016). The aim is, in essence, to recreate a ‘benevolent dictator’ in a system of governance that would remain loyal to the framework of economic liberalism, and ensure the protection of property rights and individual freedoms, avoiding the distributional biases often observed in Western democracies entangled with domestic interest groups. Despite China’s increasing integration into global trade and efforts to attract foreign investment, the government has resisted further economic liberalization and imposed significant restrictions on freedom of expression aided by unprecedented technology of mass surveillance.
Or read this on Hacker News