Politics and economics

“A democracy is always temporary; it simply cannot exist as a permanent form of government. A democracy will continue to exist until the time voters discover they can vote for generous gifts from the public treasury.

From that point, the majority always votes for the candidates who promises the most benefits from the public treasury. The result is that every democracy finally collapses due to loose fiscal policy, which is always followed by a dictatorship.

The average age of the world’s greatest civilizations has been about 200 years. These nations always progressed through this sequence.” — Scottish economist Alexander Tytler