”A democracy cannot exist as a permanent force of government. It can only exist until the voters discover that they can vote themselves largesse [benefits] from the public treasury. From that moment on, the majority always votes for the candidate promising the most benefits from the public treasure, with the result that democracy always collapses over loose fiscal policy, always foiled by dictatorship.”
- Alexander Tytler
That is why the US is a Republic.
The founders saw democracy as majority rule without safeguards; a republic was majority rule bounded by a constitution and the rule of law.
How does no nation have some rough intelligence test to get a voting license?
Even setting that bar below average would fix an enormous number of issues. The higher it is set, the better the outcome.
We're excited to officially launch the Polymarket Builders Program.
To start, we are giving back $1m+ to builders via grants + rewards to those who integrate Polymarket's new builder codes.
Learn more & apply 👇
poly.market/QSZs7JX