The Myth of the Authoritarian Model
A growing conventional wisdom holds that Vladimir Putin's attack on democracy has brought Russia stability and prosperity -- providing a new model of successful market authoritarianism. But the correlation between autocracy and economic growth is spurious. Autocracy's effects in Russia have in fact been negative. Whatever the gains under Putin, they would have been greater under a democratic regime.
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What enthusiasts took for a global rush to democracy may be reversing direction, with backsliding and stalled transitions in the former Soviet Union, Africa, the Middle East. So far, one sees disarray or new strongmen much like the old; no competing ideologies seem to be beckoning. Market reforms have not been the cause in most cases. More affluent countries with Western ties seem to be sticking the course better. However the trend plays out, it should lead the administration to rethink democracy promotion. The truth is that U.S. policy is not significantly responsible for democracy's advance or retreat in the world.
The neoliberal economic and political models used by Western analysts to explain Russia's recent transformation ignore the interrelationship between the economy and politics. Russia is in the midst of a social revolution. Economic reform without political reform-as attempted by Yegor Gaidar-will fail. Prime Minister Viktor Chernomyrdin's policies have met with some success because of accompanying political changes. This interrelated pattern of reform must continue.
Conventional wisdom in the West says that post-Cold War Russia has been a disastrous failure. The facts say otherwise. Aspects of Russia's performance over the last decade may have been disappointing, but the notion that the country has gone through an economic cataclysm and political relapse is wrong--more a comment on overblown expectations than on Russia's actual experience. Compared to other countries at a similar level of economic and political development, Russia looks more the norm than the exception.

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Time will tell us which one
Time will tell us which one is better