democracy

“To a greater extent than is recognized, China may have more closely replicated the political ordering of events that unfolded in western Europe: An autocratic regime at first tolerates those economic relationships that are conducive to prosperity, and then uses its powers to preserve the gains in wealth from disruption and organized plunder. As the people grow more prosperous, democracy matures.” p. 337

“[T]he widespread and secure ownership of property is the sine qua non of prosperity.” p. 341

“Democracy is a consequence of prosperity, in other words, not its cause.” p. 334

The Noblest Triumph, Property and Prosperity Through The Ages, by Tom Bethell, 1998, ISBN 0-312-22337-4.

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