Aah, but (neo)classical economic theory is defined by its unrealistic assumptions about reality.
Essentially, you are claiming that North Korea is also a democracy, only without free elections.
Essentially, you are claiming that North Korea is also a democracy, only without free elections.
If you want to argue that the assumptions made by the article are more accurate in general than the more common assumptions (good information, low transaction costs, elastic supply and demand), be my guest.