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> "Democracy only works in a growing economy. Without a return to economic growth, the democratic experiment will fail. Someone care to explain that because I
by mrep 10y ago
> "Democracy only works in a growing economy. Without a return to economic growth, the democratic experiment will fail.
Someone care to explain that because I don't see economic growth as a dependency to democracy.
- abysmallyideal 10y agoAs soon as you hit resource scarcity, there is no cushion to give people "rights" and the state begins to change the economic rules to maintain stability. The US and the West experienced a huge gain in resource that is quickly being squandered in a contest of "either we use it or we lose it". Since there was more to go around there is less need to enact stricter forms of government.
- _andromeda_ 10y agoIn this video https://www.youtube.com/watch?v=27Tf8RN3uiM https://www.youtube.com/watch?v=27Tf8RN3uiM Milton Friedman does a great job of explaining how capitalism is a necessary condition for democracy to thrive but not a sufficient one for the same.