Untrue, or at least questionable claim. Monarchies are economically better-performing.
Eg. https://knowledge.wharton.upenn.edu/article/monarchies-good-...
Eg. https://knowledge.wharton.upenn.edu/article/monarchies-good-...
The article you’ve linked is banal. It talks about how monarchies are good at protecting established property rights. Duuuuuh. That’s their entire purpose.
Thinking that stability of property rights is equal to economic performance is moronic. So either you think that I am one or you are one.
Here’s a quick test you can do: look around you and count how many items around you are produced in the Kingdom of Lesotho? Or Kuwait? Or Madagascar? Or Bhutan?
Such post-industrial powerhouses of economy those must be.
Eg the first link:
https://www.washingtonpost.com/news/wonk/wp/2013/07/23/shut-...
Btw your jeering tone and determination to classify either of us as morons is unhelpful.
Obviously any U.K. style “monarchies” and republics with a figurehead. Your best bet therefore would be Middle East monarchies, which are obviously a product of the extraction industry. So even that is not an argument.
Remember how China realized that the communist system isn’t sustainable and introduced elements of monarchy? No? Me neither, because they went with (very light) democratization.
If you want to talk facts, here: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
But my favorite part is when I suggest you to look for immediate evidence in the real world and you’re like: “No, here’s a cherry picked article”. This disregard for facts is just plain offensive.
At least half of those states in your own link are monarchies!
Placing quotes around the archetypal monarchy seems like an act of last resort tbh - as do the repeated insults; so I'll consider this particular micro-debate conceded to me.
This is why you are cherry picking. The original comment that you are replying to specified "actual monarchies, not figurehead states": https://news.ycombinator.com/item?id=21674965
What's so difficult to understand? Does UK fall under that category? No. Material power is with the parliament and PM. You are disproving your own point, when you bring them in as an argument!
I even gave you a hint. Saudi Arabia might be a stronger argument. Monarchy has power and they have economical clout. I mean, their GDP is only slightly higher than Walmart's annual revenue, but hey - at least you would've had a fighting chance.