"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money (generous gifts) from the public treasury. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy, (which is) always followed by a dictatorship."
Alexander Fraser Tytler Lord Woodhouselee (Scottish history professor at The University of Edinborough in 1787)