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> the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. Except, of course, that this is historically wrong.
by kergonath 7mo ago
> the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
Except, of course, that this is historically wrong. Transitions from democracy to dictatorship are common, but I cannot think of one that happened because of "loose fiscal policy".
- hluska 7mo agoIf the Central Intelligence Agency’s definition of ‘loose fiscal policy’ is good enough, Pinochet’s rise is a good example.
- tolciho 7mo agoAthens spending like drunken sailors during the Peloponnesian War and the subsequent Oligarchical Coup d’Etat comes to mind. Or must the dictator be just one person and not a bunch of Orwell's pigs?