Wednesday, November 07, 2012

Quote of the Day

“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.”
  Alexis de Tocqueville


Anonymous said...

Splitting hairs here but the USA is a constitutional republic. We need to start acting like one and get over the anarchy of the masses.

traderrob said...

To be precise the US is a democratically elected constitutional republic.

Being that our leaders are "democratically elected", we are subject to the many of the same perils inherent of a lazy entitled population as would be a pure Democracy.