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By Richard Fernandez

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The Library of Babel

August 18, 2008 - 5:53 pm - by Richard Fernandez
Doug
2008-08-19 17:04:38

Autocratic Governments Outgrow Democracies

The wealth of autocratic governments is soaring and the wealth of liberal democracies is collapsing. As recently as 2003, democracies had $400 billion worth more wealth than autocracies, 600 billion to 200 billion. Today the autocratic governments have almost $1 trillion more wealth than democracies.
Last year alone, autocratic assets grew 60% and democratic assets shrunk 7%.

Autocratic governments are doing everything they can to produce more energy from existing sources, our government’s doing everything they can to prevent more energy from existing sources, and it is leading to a huge transfer of wealth.