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You focus on the cultural narrative source of legitimacy - is it divine right or the will of the people?
I focus on the functional form of the government - executive heads of state who are also commanders in chief (see US, France, Russia) vs. "prime ministers" who are "first among peers" in an elected parliament under a figurehead (whether the latter is elected or nor is mostly inconsequential). When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
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