Publication

When considering Francis Fukuyama’s “end of history” thesis, it appears the last-gasp Soviet Union followed Fukuyama’s advice and ended up regretting it. China, in contrast, ignored the advice and experienced three decades of record-setting economic growth. So what’s the take-away? Should authoritarian regimes view democracy as dispensable? Not according to this E-Note. The truth is Russia could not have uncoupled its political and economic reforms at that point in time.