Monarchy vs. Democracy: A Discussion on Governance Models

This chapter explores the effectiveness of monarchy as a form of governance compared to democracy, focusing on the aspects of security, property rights, and long-term planning. It presents a case for monarchies having a more stable and accountable system due to their long-term perspective and alignment of incentives between rulers and subjects. Through examples like Liechtenstein and Qatar, the chapter challenges traditional views on governance structures and advocates for a reevaluation of government roles and responsibilities.