Spoiler: Rule of law is weaker, and corruption is stronger in autocratic countries. This is not only detrimental for today’s generation but also for future generations. The reason is that stronger corruption and lower levels of social trust in autocracies distorts incentives and thereby savings and investments decisions. This makes innovation weaker in autocracies than in countries which are characterised by institutions rendering them rule of law and weak levels of corruption.
Autocracies are bad for the future generations.
Autocracies are bad for the future…
Autocracies are bad for the future generations.
Spoiler: Rule of law is weaker, and corruption is stronger in autocratic countries. This is not only detrimental for today’s generation but also for future generations. The reason is that stronger corruption and lower levels of social trust in autocracies distorts incentives and thereby savings and investments decisions. This makes innovation weaker in autocracies than in countries which are characterised by institutions rendering them rule of law and weak levels of corruption.