In 19 70, you were richer than spain, greece or israel. But do you to day ever look, say, at cutter or united arab rits to buy and think the problem actually was democracy? And that here are oil rich places that have stayed stable, in fact, but through autocratic rule. And that it's the intermediate situation that doesn't work. That when i live in a democracy, however, there has been great mismanagement due to misconceptions of the economyto a state led onomy.

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