“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy”.
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”
“The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
From Bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence; (Current status of the United States – just check the last election voter no-shows blaming the electoral college)
From dependence back into bondage.”
So, if I take 1776 + 200 = 1976, give or take 50 years – my brain starts connecting the dots to the mess we find ourselves in, where congress votes itself pay rises, special liberties and privileges. Current rumblings about amending immigration laws would essentially guarantee that the United States becomes a country driven by people receiving social benefits instead of generating profits themselves. a.k.a. the end of this democracy.
Having grown up as a child in Africa and as a young executive in Asia, I have witnessed over and over again, how fallible governments and perceived democracies actually are and how fragile the status quo is. Just two weeks before the riots in Kiev began, Lauralouise and I sat down with Ukrainian president Viktor Yanukovych who was doing a great job attempting to convincing us how stable, secure Ukraine was as an investment destination and how it had one of the most advanced democracies in the world. Just check your history books, remember when Greece, Romans, Dutch, Spaniards, Britons ruled the world. Remember when the Sterling was the world’s reserve currency ? Stay alert people and start voting with your feet, your head and your checkbook. Stop the apathy before it turns you into a dependent of the system.