Verified answer

no, it isn't.

We begin doubt about the efficacy of democracy when we are saddled with bad politicians, hopelessly. In elections, you don't have any choice, worth making. You are seething with a rage and you want to resort to extra-legal means to set things right. That is how many ultra grow in the society. Let me state at the outset that I always prefer democracy, even with all its foibles. As to the pitfalls, let me look at after examining the efficacy of a totalitarian regime. You tend to like a totalitarian regime, before its efficiency and the control over the adminstration. Totalitarianism could be of two kinds. One, the power is concentrated on an individual, backed a powerful army. That is undobtedly something no civilised personal will approve of, to day. Consider the zeal of the Nepalese people who wanted to overthrow the King. It is painful if monarchy happens to be least concerned about the welfare of the people. Second situation is the system, an organisation or party is running the government. The example is the Communist party of China. It is a total iron curtain. The country seems to be progressing all right. It looks like there is less of corruption and hence more efficiency. Assuming that slowly some erosion values takes place, what is the mechanism to rectify it. Like the situation the Soviet Russia found itself in. A corrupt party machinery failed to carry out the ideals of the party. The monolith organisation turned out to be big burden on the country. The result was there for all to see. The country has to much of its unwieldy territories. The party had to be revamped. Who knows the same thing may not happen in China. The point is that corruption and other evils will not happen in democracy. But, the difference is that in democracy there is always an option to democratically correct the things. In a totalitarian regime, if you want to correct the bad, there need to be revolution or blood shed. In the things are hopelessly bad, in democracy, it needs a big movement to clean the Aegean's stables, may be at the cost of some lives. But, ultmatley, the voice of the people will certainly prevail. Democracy becomes ineffective only the people remain less vigilant. Where they are active and keep excercising their democratic duty, democracy is still the better option.

Opening up new markets always results in huge economic booms. The same happened in Russia after the fall of the socialist bloc. The same is happening in China with the introduction of market socialism as it is called. This would be true for any nation. If Zimbabwe turned away from African Socialism to having a market economy than they too would see the positive results. Though you have to mention the cheap Chinese money that has a disasterous due date and will cause a major recession when the bubble burst.

The Chinese model of authoritarian government failed, as did the Soviet model. The European model is in the process of failure too. China has become successful because they have loosened the reins and allowed capitalism to creep in and overwhelm their system. The people have benefited greatly by reducing and removing restraints created by what you call communism.

The bailouts of course failed and always will. The Darwinian economic model works but can be painful at times. They never should have been bailed out. Once they failed more effective and better run companies would have replaced them.

The problem is alot of countries such as America have stopped producing products like they used to, they just cheaply import everything from china, it has nothing to do with being a communist country. The reason why America grew and prospered so quickly is because of the massive production of goods, but now we have cut back so much and our economy is suffering because so.

The free trade zones in China are "anything goes capitalism". No regulations whatsoever. That is what has triggered the huge growth.

The reason why China's economy is booming is because the majority of our corporations have moved manufacturing over there. Plus, everyone is investing in their markets.

Trick question; democracy isn't an economic model, its a process of reaching a decision fr a group.

Try living in mainland China for a while. It Is not so rosy.

Know which is what before asking stupid questions like this.