I'm not going to say you're wrong, exactly. I can't prove that. I don't know if there's any actual data comparing the two models, and I'm guessing you know the same history I do when it comes to the gritty days of trusts before the multinational.

You have to see how that argument can apply to systems of government, though. It's out of fashion to want a "benevolent dictator", but that's the exact kind of thing people hoped for from Louis XIV or Mussolini. Cut through the bureaucracy, stop shifting responsibility around, give help directly where it's needed.