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Monarchists-esque governments arguably have a stronger incentive to preserve and generate wealth than elected officials, so it's not really a given that a dicta
by mothballed 1y ago
Monarchists-esque governments arguably have a stronger incentive to preserve and generate wealth than elected officials, so it's not really a given that a dictatorship style government would be bad for equities.
Take a look at Dubai, for instance.
- logicchains 1y agoThe UAE, Kuwait, Qatar, Oman and Saudi monarchies, all around 10x higher GDP per capita than Arab non-monarchies Egypt, Lebanon and Yemen. The exception being Jordan, an Arab monarchy that still manages to be relatively poor.
- staticman2 1y agoAre you normalizing by oil per capita?
- ajross 1y agoHoly confounded variables, Batman! You're measuring oil wealth, not government organization. And at least arguably, the causality goes the other way: restless populations in poorer nations are more likely to drive democratic reforms, where wealthy folks tend not to rock the boat.