Comment by mothballed
Comment by mothballed 12 hours ago
There have been a few autocratic-esque governments that have gotten around the dictator information problem by basically implementing a free-ish market by fiat.
This is how much of UAE and to the extent Singapore is one, does it.
The dictator will basically let the free market operate and then interfere a few percent off the top of that. They are not torturing enough people to destroy their economy.
> There have been a few autocratic-esque governments that have gotten around the dictator information problem by basically implementing a free-ish market by fiat.
The way I understand that is they allow some freedom and thus receive some of the benefits. They still are far behind democracies socially, politically, economically, militarily, etc.
China did the same for awhile, starting small when Deng Xiaopeng took power and expanding until Xi took over.
Freedom of individuals, which allows a country to harness all of their talents and imaginations, is an enormous advantage. People forget that freedom is the most powerful thing in the world.