EFG Magazine

David Brooks

March 17, 2022

Credit... Mikhail Klimentyev/Kremlin

David Brooks

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Joe Biden correctly argues that the struggle between democracy and autocracy is the defining conflict of our time. So which system performs better under stress?

For the past several years, the autocracies seemed to have the upper hand. In autocracy, power is centralized. Leaders can respond to challenges quickly, shift resources decisively. China showed that autocracies can produce mass prosperity. Autocracy has made global gains and democracy continues to decline.