Democracy for Oil?
August 29th, 2008 by Amanda
Mike Allen writes at Democracy Digest on the financing of democracies by authoritarian regimes, the possible threats to democracy that this may pose, and provides the example of the US borrowing money from the Chinese in order purchase Middle Eastern oil. Nonetheless, he quotes NED board member Francis Fukuyama as saying that these governments do not possess ‘the combination of brawn, cohesion and ideas’ to present a truly viable challenge to what Allen refers to as “liberal democracy or the globalized economy.” Economist Daniel Drezner agrees by offering that “authoritarian capitalism can thrive over the short to medium term, but it will not outperform more liberal varieties of capitalism in the long term.”
Posted in US foreign policy |
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