Democracy Limitations Quotes
What Niebuhr assumed as the belief of all politicians in democracies, and was since the founding of America, was suddenly questioned and changed by President George W. Bush in his attack on Iraq to preempt the use of weapons of mass destruction. In the War on Terror, many Americans reconsidered this fundamental principle.
Business has trouble coping with uncertainty. The short term advantage of fascist states is that they can provide what appears to be more certainty. The Chinese communist system has a similar governmental control, hence Mr. Lo’s preference. Of course the big risk is that dictatorial governments without freedom may collapse or be over thrown. As much as many businesspeople prefer the certainty of totalitarianism, the has been far more business success in the democracies of the world and the U. S. alone with its uncertainty has produced more profits than all the dictatorships and autocracies in history put together.