The Tipping Point has Been Reached: What Does it Mean?

Tipping Point[Update 2020:  I wrote this brief post in 2013. Turns out, I was wrong. But I think, with great confidence, we can now say that we have reached the tipping point. The question now becomes, is there any way back from where we have fallen?]

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.”

    • Alexander Fraser Tytler, Lord Woodhouselee (15 October 1747 – 5 January 1813) was a Scottish lawyer, writer, and professor. Tytler was also a historian, and for some years was Professor of Universal History, and Greek and Roman Antiquities, in the University of Edinburgh.

via The Tipping Point has Been Reached: What Does it Mean?.

And here’s a link to the book in audio:

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