David Frum

@davidfrum ↗

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Last Checked March 2, 2022

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Sun Feb 27 17:14:54 +0000 2022

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David Frum @davidfrum

The trouble for an authoritarian regime comes when it seeks the benefits of at least a partially market economy and at least some economic integration with the rest of the world. 4/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

The answer: An authoritarian regime can for sure achieve financial independence if it's willing to seal itself off from the world. Stalin's USSR, Mao's China were more or less invulnerable to central bank sanctions. They were also desperately poor and horrifically repressive 3/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

A totalitarian regime can compel its subjects to accept a "money" that does not buy things they want. Soviet joke: a shopper enters a shop to buy fish. "No, no," the clerk answers. "We are the store that doesn't have meat. The store that doesn't have fish is around the corner." — PolitiTweet.org

Posted Feb. 27, 2022