Putin was sold (by some) to the West as a long-term planner, not beholden to the need to be re-elected, and with rather solid levels of economic growth and popular support. Moldbug's original point, typical for many monarchists, is that a good king cares to leave a country in a good shape to his progeny. This proved wrong many times; "apres moi, la deluge" could be made the slogan of monarchy (aka "authoritarianism") as institution.