Episode #1 of nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak's podcast brings some thought-provoking takes on the Monarchy vs. Democracy dialogue. Highly recommend.
Discussion
Bullish on City States
I heard this episode around 2 years ago, it was the first time I was introduced to the idea that monarchies can function better than democracies.
I think that whatever governance style that respects property rights the most (bonus points for the right of succession) would win. But in a scenario where I had to choose between 2 countries, one with a democracy and another one with a monarchy, with well established property rights, I would choose the monarchy because of more likely lower time preference baked into that system.