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Quote :: Democracy

"A democracy will continue to exist until the time the voters discover that they can vote themselves generous gifts from the 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."

-- Alexander Tyler, a Scottish professor at the University of Edinburgh (observation about the fall of the Greek Republic)
Category:Quotes
Issue:Volume 12 :: Issue 11

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