A Famous Man Once Said...

Oh sure, I could dazzle you with the academic research necessary to provide you with who...but this is a blue color blog and we don't go in for that fancy researching nonsense or even proper spelling. So let me just say that I once read that the downfall of Democracy will be the fact that it allows the people to vote themselves limitless benefits from limited stores of wealth. This memory came back to me as I read the linked piece. It states that the current autocracies are doing a much better job fiscally than the democracies and have, in fact, turned the democracies into debtor nations. Clearly this is not because they are more productive, just less profligate.

There is no better system for unleashing the potential of the individual than democracy. Not because of democracy itself, but because democracy allows for the least amount of interference and coercion from government. Even though a democracy can vote for less freedoms, they will rarely rise to the level of an autocratic state. That being said, the democracies are not being outproduced by the autocratic states. The democracies (even European ones) are still more productive. However, the autocratic states have the money and the democracies don't. Why? Because the democracies shell out huge amounts of money for expensive perks for their people (kind of like GM did) while the autocrats do not. A six figure bread winner who spends seven figures on fun and good times is just as broke as the most hopeless bum. It is pretty sad to watch the current batch of "leaders" find more and more expensive things to give to the people even though they have no money to buy them with. But it isn't surprising...because the people get what they want.