Benjamin Disraeli On Democracy Quoted in "The End Of The Beginning Of History" ^ | March 31, 1850 | Benjamin Disraeli "If you establish a democracy, you must in due time reap the fruits of democracy. You will in due season have great impatience of the public burdens, combined in due season with great increase of public expenditure. You will in due season have wars entered into from passion and not from reason; and you will in due season submit to peace ignominiously sought and ignominiously obtained, which will diminish your authority and perhaps endanger your independence."
... see how America’s Founders themselves saw political democracy courting self-ruin as many voters join "factions" or special interests which cut into liberty. James Madison spoke for his peers in Federalist Paper No. 10 (1787), to nail democracies as "spectacles of turbulence and contention, [which] have ever been found incompatible with personal security or the rights of property, and have in general been as short in their lives as they have been violent in their deaths."
No wonder the word democracy is not to be found in the entire Declaration of Independence, Bill of Rights, and U.S. Constitution. Or look how sternly anti-democratic are the first five words of the 1st Amendment on bills abridging religion, speech, press, assembly, and petition: "Congress shall pass no law [my emphasis]...." Or how the Framers, fearful of democracy, tied up our Constitution with checks and balances from federalism (set back by the Civil War, the 14th Amendment of 1868, and the 17th Amendment of 1913) to the stop on an income tax (undone by the 16th Amendment also of 1913). Recall Ben Franklin, asked what kind of state the Framers had set in 1787, raising a classic proviso: "A republic, if you can keep it." Big if. I think Old Ben was warning us: As political democracy swells, the individual shrinks.
Yet--voila ! -- Ludwig Van Mises lit up a near unknown yet much safer and surer democracy. In 1922 in his “Socialism” he saw democracy at work in market action. See it yourself today: from the shopping mall to online buying, to getting colas from vending machines, to filling up at the gas pump by credit card, to business consumers ordering supplies for their operations, etc.
So these and other market voters vote not but every other year but again and again every day. An endless plebiscite. Freely. Directly. In a way, one on one: You elect your supplier, you get what you order, you are in charge. Great.
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