Dr. Marc Faber has been interviewed by The Daily Bell. When asked to point at a functioning democracy, he says:
That I don't know but everybody thinks that every dictator is evil. In Asia, we've had very fast growth in Japan, South Korea, Taiwan, Hong Kong, Singapore under non-democratic regimes. Even today in Singapore you have some kind of democracy but not a true democracy. In Hong Kong we don't have democracy; it hasn't ever been there for the last 150 years.
I don't know. I'm just saying that to sit there and say democracy is the best system in the whole world is maybe not the correct view.