The Case for Authoritarianism | Vitalik Buterin & Noah Smith
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The Internet's Impact on Authoritarian Capital Allocation
- The internet and big data have significantly improved authoritarian states' ability to allocate capital.
- In the past, authoritarian states might have been only 20% as effective as market economies in capital allocation.
- Now, with access to vast amounts of data, they could potentially be 60% as effective.
- This reduction in disadvantage might allow other strengths of authoritarian states to become more prominent.
- While market economies may still be superior, the gap has narrowed enough to be concerning.
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