Guest Post by EWI
The Democracy Wave Recedes: Does This Chart Show a Developing Bear Market for Liberal Democracy?
Editor’s note: The following article was republished here with permission from the co-editors of the September issue of The Elliott Wave Financial Forecast, a publication of Robert Prechter’s Elliott Wave International, the world’s largest financial forecasting firm. From Sept. 25 to Oct. 1, EWI is throwing open the doors to all of its investor services 100% free. Click here to join EWI’s free Investor Open House now.
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.”
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