Russia and China revived free market democracy. Now their economies are faltering
In a speech to the House of Commons in 1947, Winston Churchill joked that “democracy is the worst form of government, apart from all those that have been judged.” Since democracy and capitalism are usually tied to the hip, the saying was regularly adapted to describe the best way to run an economy. Until the …
Russia and China revived free market democracy. Now their economies are faltering Read More »