Although almost every democratic country suffers from bloated government, over-regulation, heavy taxation and enormous public debts, few people see a causal connection between these problems and the democratic system itself. For many, the solution to these problems is more democracy, not less.
Democracy tends to be equated by many people with prosperity, equality, fairness, togetherness and liberty. There is no evidence for any of this. Democracy rests on three main principles: you have the right to vote, you have the right to run for office, and the majority rules. That’s it. Nowhere is it written for instance that democracy guarantees the right to free speech, a right that many people link with democracy. Nor is there any reason why democracy should lead to prosperity.
In fact, the very principles of democracy give rise to processes that lead society to the opposite of freedom and prosperity.
The most important of these processes are the following.
1) Short-termism
2) Parasitism and social strife
3) Meddling and interfering
4) Collectivism and docility
5) Corruption and abuse