The Laughing Man

21%
Flag icon
In the late twentieth century democracies usually outperformed dictatorships because democracies were better at data processing. A democracy diffuses the power to process information and make decisions among many people and institutions, whereas a dictatorship concentrates information and power in one place. Given twentieth-century technology, it was inefficient to concentrate too much information and power in one place. Nobody had the ability to process all the information fast enough and make the right decisions. This is part of the reason the Soviet Union made far worse decisions than the ...more
21 Lessons for the 21st Century
Rate this book
Clear rating