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Read with Bruegel: The Crisis of Democratic Capitalism

The Sound of Economics

CHAPTER

The Problem With Demagogic Authoritarian Capitalism in India

The only remaining data have is that if we were able to document a pickup of what you call demagogic authoritarian capitalism in countries that have those structural characteristics. So they're not yet fully formed, the middle class is not fully there. It would be slightly puzzling why we have this pickup now when those structural conditions have been in place for some time. But I don't even know if there is a pickup or whether maybe just the Māori phenomenon has us all.

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