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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (27161)	4/8/2005 11:05:51 PM
From: shades	of 116555

"Thus currency crank systems, like all welfare programmes, have always been very popular with those without capital." The Crazy Carnival of Clown Capitalists a Conundrum? A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess of the public treasury. From that time on the majority always votes for the candidates promising the most benefits from the public treasury, with the results that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's great civilizations has been 200 years. These nations have progressed through this sequence:from bondage to spiritual faith;from spiritual faith to great courage;from courage to liberty;from liberty to abundance;from abundance to selfishness;from selfishness to complacency;from complacency to apathy;from apathy to dependency;from dependency back again to bondage. --Sir Alex Fraser Tytler (1742-1813) Scottish jurist and historian What was it Buffet was saying about a new sharecroppers society?? en.wikipedia.org Many say this quote about the fall of Athens was an urban myth spread by PJ O'Rourke as a practical joke that appeared in one of his books - perhaps true - but still telling maybe - Athens was a direct democracy - they didn't vote for representatives or candidates - they voted on the issues directly.

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