Democracies are restoring the dull but democratic powers of rules and institutions by dousing the passions that led to the rise of strongman leaders. India isn't there yet.
The financialisation of Indian household savings is one of the most important economic shifts of the past decade. But financialisation without international diversification creates fragile balance sheets.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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