Democratic economic advantages
4 important questions on Democratic economic advantages
What is the hugest democratic advantage on the international credit markets?
In France's autocratic period, Jacques Necker (18th century) talked about the compte rendu a moi. What did we see there, which illustrates why international creditors are hesitant to lend autocracies money?
- The king spent more money on his brothers than on healthcare!
What can we learn from interest rates and democratic consolidation in the sovereign bond spread, where the bonds are compared to the bonds of Germany (the gravity point of Europe)?
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Democracies get credit advantages even in turbulent times, like a minority government, fractionalized governments, frequent change in government, frequent elections ...
The only exception to the democratic advantage is getting a left-wing government. Why?
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