Why Nations Decline

“A democracy cannot exist as a permanent form of government.  It can only exist until the voters discover that they can vote themselves largesse [gifts] from the public treasury.  From that moment on, the majority only votes for 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 — Alexandar Fraser Tytler (1747-1913)”

Quoted by Mitt Romney in No Apology: The Case for American Greatness

Advertisements