Sunday, October 19, 2008

Quotation of the Day

A democracy cannot survive as a permanent form of government. It can last only until its citizens discover that they can vote themselves largesse from the public treasury. From that moment on, the majority (who vote) will vote for those candidates promising the greatest benefits from the public purse, with the result that a democracy will always collapse from loose fiscal policies, always followed by a dictatorship.

~Lord Thomas MacCauley or "Alexander Tyler"

1 comment:

Deogolwulf said...

It is a good quote, usually attributed to Alexander Tyler, but it seems, so far as anyone can determine, that neither he nor Macaulay ever said it. Apparently it is of quite recent origin. Still, it is no less true for all that.