THE MYTH OF DEMOCRACY IN A FAILING ECONOMY
Corresponding author:
[email protected]
Accepted
26 March 2026
Available Online
15 November 2014
Abstract
THE LONGEVITY OF THE GLOBAL FINANCIAL CRISIS, TRIGGERED IN 2007 AND EMPHASIZED IN 2008 BY THE CRASH OF THE STOCK MARKET RAISES QUESTIONS ABOUT THE EFFICIENCY OF THE MANAGEMENT DURING A PERIOD OF CRISIS. THE FINANCIAL BOOM SPREAD THROUGH A DOMINO EFFECT, INFLUENCING THE GLOBAL MARKET. THIS PAPER FOCUSES ON ANALYZING WHETHER SUSPENDING DEMOCRATIC ELECTIONS AND APPOINTING A GOVERNMENT OF EXPERTS, OR SWITCHING FROM DEMOCRACY TO AUTOCRACY WILL INCREASE THE EFFICIENCY AND SOLVE THE ECONOMIC PROBLEMS WHICH TODAY’S SOCIETY IS FACING.THE EVOLUTION OF THE CRISIS IN A CONTROLLED POLIT ICAL ENVIRONMENT MIGHT REVEAL SURPRISING RESULTS – IN THE LONG TERM, AN AUTHORITARIAN REGIME OFFERS (WITHIN LIMITED LIBERTIES) A MORE EFFICIENT CRISIS SOLUTION.
Keywords
ECONOMIC CRISIS
THE GREAT DEPRESSION
KEYNESIANISM
DEMOCRACY
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