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I think you have too much faith in humanity. Your average citizen is poorly educated, ignorant of basic economic principles and is too certain of their often in
by eloff 11y ago
I think you have too much faith in humanity. Your average citizen is poorly educated, ignorant of basic economic principles and is too certain of their often incorrect opinions. This is why communism happens. It's easy to see the appeal of fair distribution of wealth, is harder to understand why that's a doomed economic model. Yet look at Venezuela. With nearly a century of counterexamples, the government there continues to destroy the economy because that's what the mob wants. Now the mob can't buy toilet paper or baby formula.
I object in principle to elitism, which has its own shortcomings, but let's not pretend the mob would make good decisions. They'd ignore minorities and make seemingly smart but ultimately foolish decisions again and again on emotional grounds instead of from a position of logic and knowledge.