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.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.