Why Democracies Fail

In light of the current $787-billion economic stimulus package that, thanks to Three Republican Traitors, will be signed into law tomorrow, I am reminded of these famous words on Why Democracies Fail:

“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.” – Author Unknown*

* Though often attributed to Alexander Tylter there is strong reason to believe this is a misattribution. See the Truth About Tylter for more details.