Democracy can be an equilibrium: a system of "self-government" in which the distinction between the rulers and the ruled disappears.
Adam Przeworski (1991) Democracy and the Market: Political and Economic Reforms in Eastern Europe, p. 26
In general dictators have not done better at [economic] policies than democrats—far from it. Most dictators have ravaged their countries for personal gain. Scholars have asked whether democracy helps or hurts the economic growth of poor countries and despite many surveys, have come to no conclusive answer.Adam Przeworski