Re: Stealing a (long) March
Sure, which is why they continue to hold a certain appeal. Of course, over time dictatorships tend to become inefficient because power gets handed to yes men. China has been able to mask some of the most spectacularly poor investments by focussing on growth at all costs and allowing its massive domestic market to support exports. And, in contrast to Soviet Russia, Deng's reforms meant that companies can sell pretty much anything for which there is a market, apart from free speech that is, of course.