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Keyword: democrocracy

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  • The Rise and Fall of America

    10/20/2010 7:26:35 AM PDT · by Stand Watch Listen · 19 replies · 2+ views
    Yahoo Finance ^ | October 18, 2010 | Robert Kiyosaki
    Alexander Tytler (1747-1813) was a Scottish-born English lawyer and historian. Reportedly, Tytler was critical of democracies, pointing to the history of democracies such as Athens and its flaws, cycles, and ultimate failures. Although the authenticity of his following quote is often disputed, the words have eerie relevance today: 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 voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise...