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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: jjkirk who wrote (17886)	11/20/2000 8:56:58 AM
From: bela_ghoulashi	Read Replies (1) \| Respond to of 65232

The following was written by the Scottish economist Alexander Fraser Tytler shortly after our original thirteen colonies gained their independence from Great Britain. He was speaking of the Athenian republic 2000 years before, but it has application today: A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves benefits from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest 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 dependence; from dependency back again into bondage. Message 14836549