“A
democracy cannot exist as a permanent form of government. It can only
exist until the voters discover that they can vote themselves largesse
from the public treasury. From that moment on, the majority always votes
for the candidates promising the most benefits from the public treasury
with the result that a democracy always collapses over loose fiscal
policy, always followed by a dictatorship. The average age of the
world’s greatest civilizations has been 200 years...” Written about the
USA almost 200 years ago by Alexis de Tocqueville.
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