The Myth of Authoritarian Competence

Source:the Atlantic Date:25Sep2018

An in-depth study of one-man regimes and how Turkey’s brought economic and democratic ruin:

For nearly six months, one of the world’s top economies has been gripped by crisis, sparking fears of wider financial contagion. Since the spring, the Turkish currency has cratered while inflation has soared, rattling other emerging markets from Argentina to Indonesia. Yet the most important warning to draw from Turkey’s recent convulsions is less economic than political: namely, the danger of betting on strongman rule.