Authoritarianism is bad for business, there are plenty of examples where big businesses get "nationalized" or where the founders are forced to sell to a "friendly party official" who then proceeds to run it into the ground.
Russia notoriously is very good at this, leading even innovative companies to sabotage their own growth as to not become an "acquisition target" of the ruling elite.
There is also the "creative destruction problem" where an innovative company is beating an incumbent, but the incumbent happens to be partially owned by party cadre and leverages its power to shut down the innovator.
In my humble opinion, the security and protection of property under the rule of law should be a human right as it's the core driver of economic growth.
There is also the "creative destruction problem" where an innovative company is beating an incumbent, but the incumbent happens to be partially owned by party cadre and leverages its power to shut down the innovator.
In my humble opinion, the security and protection of property under the rule of law should be a human right as it's the core driver of economic growth.