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John Chittick's avatar

Democracy is often used as a moral equivalence to the free market where individuals vote with their dollars (sorry, currency) continuously. This is wrong as the market does not compel others based on individual or cumulative transactions and the market has greater choice than that of democracy therefore the free market is morally superior to democracy. Few historical thesis describe democracy better than Alexander Tytler as this, written around 220 years ago:

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”

No description is more accurate to me in describing the advanced nature of the west today with the following coming a close second:

“The State is the great fiction through which everyone endeavors to live at the expense of everyone else.” - Frederic Bastiat

Kevin Beck's avatar

One group's democratically-elected leader is the other group's scoundrel. And unless you meet one group, you don't know whose side you're on.

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