Democracy Promotion and Sovereign Wealth Funds

A few years ago, Hampton’s post about democracy promotion and terrorism probably ran the risk of being twisted by unscrupulous critics into an apology for the terrorists. That got me thinking about the logical inconsistency employed by those who argued for democracy promotion, while denying that any real political grievances feed violent Islamic extremism. Fortunately, those days are over, and we can now discuss things as they exist in the real world. Hampton already mentioned all the caveats necessary when considering democracy promotion. To which Dan Drezner will apparently be adding one more in Congressional testimony tomorrow: sovereign wealth funds. […]

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