Democracies have not made better decisions historically because they possess and process more data. They excelled because they used the data they had to consider multiple points of view, weigh pros and cons, and make sound decisions. Dictators make poor decisions because they dismiss, or are not even exposed to, contrary arguments. Even if China and other autocracies could control all the data in the world, it will not help them fix their poor, politically-driven decision making process. In sum, China’s autocratic system will continue to hold back China’s economic power.
