Democracy and prosperity (part 2)
between the government and the population, and a common obsession with ideology at the expense of utilitarianism. After all, history testifies that when leaders are equipped with such totalitarian power, their sense of public obligation can often be overridden by megalomania. This implies that, in the absence of accountability and transparency, the only way in which autocracies can remain balanced is through leaders’ deliberate commitment to serving their people. And so, for autocracies to remain sustainable and successful to potentially outperform democracies as previously alluded to, they require both patriotic leadership and steady institutions. In conclusion, considering that most autocracies are either corrupt or unstable in one way or another, we can say that democracy is better for economic prosperity on average. However, certain autocracies, when equipped with a competent government and strong institutions, can achieve economic prosperity on a faster and greater scale than any democracy.
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