Democracy, Authoritarian Capitalism, and China: Crash Course World History 230

In which John Green teaches you about the end of World History, and the end of the world as we know it, kind of. For the last hundred years or so, it seemed that one important ingredient for running an economically successful country was a western-style democratic government. All evidence pointed to the idea that capitalist representative democracies made for the best economic outcomes. It turns out that isn't the only way to succeed. In the last 40 years or so, authoritarian capitalism as it's practiced in places like China and Singapore has been working really, really well. John is going to look at these systems and talk about why they work, and he's even going to make a few predictions about the future. Also, thanks for watching this series. It has been amazingly fun to create, and we appreciate all of you. Citation 1: John Micklethwait & Adrian Woolridge. The Fourth Revolution: The Global Race to Reinvent the State. Penguin, New York 2014 p. 68 Citation 2: Han Fook Kwang, ed., Lee Kuan Yew: The Man and His Ideas. Times Edition: 1997 p194 Citation 3: Quoted in Micklethwait & Woolridge, p155 Citation 4: Micklethwait & Woolridge, p159 Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse TO: Noura M. AlMohaimeed FROM: Bodour K. AlGhamdi Happy Birthday to my easily excitable friend and companion, Noura. TO: Hank & John Green FROM: Owain Blackwood MESSAGE: Thanks a billion for helping me get into medical school! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Sam Caldwell Sam Caldwell, again www.justplainsomething.com Leanne Gover Moti Lieberman Julie Anne Mathieu Jessica Baker Teodora Miclaus Christopher Keelty Anthony "Fishbot Engineer" M. Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids