The Democracy Wave Recedes: Does this Chart Show a Developing Bear Market for Liberal Democracy?
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SEPTEMBER 26, 2014
This updated chart of the total number of liberal democracies is from Robert Prechter''s book, The Wave Principle of Human Social Behavior , which observed that bull markets "tend to lead to political freedom, while retrenchments lead to political repression.". EWI is the world''s largest market forecasting firm. Related articles.
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