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The Case for Authoritarianism | Vitalik Buterin & Noah Smith
Bankless
Enhanced data collection and analysis in authoritarian states
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Advancements in databasing and networking have provided authoritarian states with the ability to collect vast amounts of information on companies, their operations, and potential future actions. This enhanced data collection allows authoritarian states to potentially improve their capital allocation efficiency, narrowing the gap with market economies. While markets may still have advantages, the diminishing difference in capital allocation efficiency poses a concern that authoritarian states could leverage their strengths more effectively.
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highlights
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