This is an interesting argument … though I’m not sure it’s true. Arguably the two most competent militaries in the world today are Israel and the US. Both democracies. Also true of many of the newer NATO members. But …https://twitter.com/HeerJeet/status/1510700016142274561 …
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Actually, the concept of the “lazy monopolist” is broadly accepted in economic theory since Albert Hirschman’s brilliant book “Exit, Voice, Loyalty” (1970). Unchallenged power in the market (or politics) often produces slack and decay, not efficiency.
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And, even should democracies fail (God forbid) they're stll better, better in principle, and even by default
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