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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 21943 
Subject: Re: Investing with an eye on rising authoritarianism
Date: 07/16/24 9:22 AM
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Singapore is certainly an interesting case: It is a parliamentary democracy, but given the dominance of the ruling party, it is also considered "soft-authoritarian".

That is a fairly generous way to put it. I've been there and know people who live there...more often you might hear something like "benevolent dictatorship", but only very much in private. It's not a good place to be an opposition member, and having posted this, I'm unlikely ever to be welcome there again.

The folks in charge have had essentially unlimited power, but have used that power to govern very skilfully. Given the unlimited power, this is more because they simply felt like it, not because there was any institutional or structural reason whatsoever pushing them towards that or limiting them to sane actions.

Similarly, absolute monarchy definitely works better than anything else...if the monarch in question happens to be skilled and benevolent. Constitutional limitations to power arose in a lot of places because that isn't always the case. You're better off with a solid 8 than a random number from 0 to 10. Just because the roll comes up 9 or 10 once in a while does not suggest in any way that the "dice" method of government is the one to go with.

Jim
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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