Has the democratic moment passed? (2008)

Paul Krugman

A visionary lecture by the winner of the Nobel Prize for Economics in 2008, Paul Krugman. The economist forecast the arrival of China as a global economic power in 2021, imagining what it would be like in a world dominated by a non-democratic force. While programmed economies cannot survive without an ideology, market economies would not seem to need ideological support. Does this mean that markets without democracy are destined to last?