In older monarchical systems, only a tiny elite was privileged to steal from everyone else, and if they stole too much, people would get angry and overthrow them.Jeffrey Tucker
Democracy solved the problem by granting everyone the privilege once reserved to elites. Now we can all steal from each other, and even from ourselves. This way, it is no longer clear who the enemy is. We don’t know whom to blame when things get bad. There is no one to overthrow but ourselves.
Foolishness and Folly - New Zealand is ruled by two men, who are assisted by a third. I call them Foolishness and Folly. They are assisted by a financial fiddler. *Foolishness* Th...
12 hours ago