Post #21769 by albaby1 on the Mechanical Investing board

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There's no modern theocracy that's done well by its people that I know of, they've always hindered the population to stay in power.

Well, there's always Saudi Arabia.

The thing is, there aren't a lot of theocracies in the world. Iran, Afghanistan, Yemen, Vatican City, Saudi, and Sudan (at least in the north), by most lists. But VC is a microstate that has virtually no impact on the economic lives of its people. Afghanistan, Sudan, and Yemen are in desperate straits...but the most likely outcome for those countries with a non-theocratic government would be to be in desperate straits as well.

So if there's only two countries in the world that had the potential to do well by their people economically that are governed by a theocracy, and they split in terms of those outcomes, it's hard to draw any real conclusions.

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