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Author: EarlyRetiree ✹  😊 😞
Number: of 12641 
Subject: Re: Investing with an eye on rising authoritarianism
Date: 07/13/2024 3:27 PM
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As a reminder, the Nazis at first created some sort of economic miracle before causing the greatest disaster ever for their country and the entire world.

Unemployment fell from almost 50% to almost zero:
https://de.wikipedia.org/wiki/Wirtschaft_im_Nation...

The stock market initially did well, but then lost 90% of its value.

In Italy, you can still find fools admiring Mussolini because "trains were always on schedule" and "there was no mafia".

Authoritarian regimes have a terrible long-term record when it comes to investing. And it will always remain so. Why? Because the best and fittest that usually deserve to win, won't necessarily win under a dictator. The dictator elevates those that fit his personal goals, not humanity's goals. Over time, it makes a huge difference.
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