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Is authoritarianism bad for the economy? Ask Venezuela

Democracy is at risk worldwide. And the economy may be, too. Seventy-one out of the world’s 195 countries saw their democratic institutions erode in recent years, according to the 2018 year-end report by democracy watchdog Freedom House, a phenomenon known as “democratic backsliding.” Signs of...

Venezuela Just Moved One Step Closer to Authoritarianism

Venezuelan President Nicolás Maduro has just claimed victory in a historic election that will vastly expand his power and potentially lead to a new era of authoritarianism in what had once been a vibrant democracy. Allies of Nicolas Maduro’s party made a clean sweep of...

Ecuador’s populist electoral victory for Moreno shows erosion of democracy

(Q24N) After 10 years in power, Ecuador’s President Rafael Correa will step down. However, political power isn’t falling far from the tree. Correa’s hand-picked successor and former vice president, Lenin Moreno, has declared victory against liberal banker Guillermo Lasso. The election has calmed fears...

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