December 24, 2013

Globalization and Democracy Can Coexist

Seth Mandel, Commentary Magazine

The Associated Press

In some very real ways, it doesn’t matter how rich China gets if those with all the money will only park it in New York City. The same goes for Russia, though proximity to Europe seems to predispose that money toward London’s banks. But both New York and London are in the West, and both are in democracies (at least until the European Union gets its way). Because even the messiness of democracy–true democracy, with free institutions and the rule of law–provides more long-term stability than the arbitrary governance of autocracy.

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TAGGED: Russia, Globalization

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