Thursday, July 02, 2009

Dictatorships are good at concealing problems while democracy is good at advertising defects

I disagree with most of this Foreign Policy article on the rise of Asia, but one thing does strike me as true:
Dictatorships are good at concealing the problems they create while democracy is good at advertising its defects.

Take, for example, the breathless writing about how China is surpassing the US in alternative energy spending. Now American VCs and the US government are smart folks and they know how to innovate and invest as good as anyone else, so it's hard to imagine them being left behind by the Chinese. More likely, the Chinese mandarins are investing wildly without any real RoI view; or they're just bsing about this whole thing.

Link

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