According to Democracy Index of The Economist magazine, today about 47% of the countries are democratic; 53% are either authoritarian or are a hybrid of democratic and authoritarian regimes. The election of Donald Trump as the 45th president of the United States must have given an electric jolt to that non-democratic 53% of the world. Authoritarians cheered. Vladimir Putin was among the first to call to congratulate and so did President Xi Jinping of China.
In an opinion piece for the New York Times, Eric Li, a Chinese venture capitalist, who rose to prominence for his fierce defense and assertion of the superiority of the Chinese political system, wrote that many people in China supported Trump’s candidacy. Trump, Mr. Li argues, is a business pragmatist and will engage with China without what he calls “the shackles of ideology”—i.e., an ideology of democratic and liberal values. This would be good for China.
Imagine confusing the following two statements from a cancer doctor: 1) “You may die from cancer” and 2) “I want you to die from cancer.” It is not hard to see a rudimentary difference between these two statements. The first statement is a prediction — it is saying that something may happen given certain conditions (in this case death conditional upon having cancer). The second statement is a preference, a desire, or a wish for a world to one’s particular liking.
MIT Sloan Prof. Yasheng Huang compares China to India, and asks how China’s authoritarian rule contributed to its astonishing economic growth — leading to a big question: Is democracy actually holding India back? Huang’s answer may surprise you.
Yasheng Huang asks us to rethink our ideas about China and other large emerging economies. Lately he’s been asking, Does democracy hinder or promote economic growth? Full bio »