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4. Democracy and Economics. Democracy is a system of majority rule in which each citizen has one vote It is a system replete with inner contradictions ( Rothbard ) 1º Can democracy be voted out of existence? Incompatible neither with free nor centrally planned society
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4. Democracy and Economics • Democracy is a system of majority rule in which each citizen has one vote • It is a system replete with inner contradictions (Rothbard) • 1º Can democracy be voted out of existence? • Incompatible neither with free nor centrally planned society • Those systems are stable while democracy is not • Democracy as transitional form of government
4. Democracy and Economics • 2º To determine governmental policy or to select rulers? • Direct democracy outmoded by indirect • Indirect democracy prone to “gerrymandering” • National democracy is, in fact, self-contradictory • Democracy must abandon the idea of a legislature • 3º What about justice? • If justice is independent then it is not democratic • 4º Democracy or bullets (peaceful-change argument)? • What about civil disobedience?
4. Democracy and Economics • A substitute of physical combat? • Inequality of interest or intensity of belief • “It is probable that no voting procedure could avoid this distortion satisfactorily and serve as any sort of accurate substitute for bullets. But certainly much could be done to alter current voting procedures to bring them closer to the criterion, and it is surprising that no one has suggested such reforms.” • “One or the other, the argument or the system, must be abandoned.”