A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, [which is] always followed by a dictatorship… The average age of the world’s greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage.

Alexander Tyler, Scottish history professor at the University of Edinburgh, 1787

and of course:
“A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.”
-Thomas Jefferson-
(1743-1826) US Founding Father, drafted the Declaration of Independence, 3rd US President

“THIS BLOG IS ABOUT MACRO-ECONOMY, FINANCIAL MARKETS AND THE WORLD THAT HAS BEEN PULLED OVER YOUR EYES TO BLIND YOU FROM THE TRUTH.

NEO:
WHAT TRUTH?
MORPHEUS:
THAT YOU ARE A SLAVE, NEO.”

Finally, I am not a believer of Democracy. Democracy is bound to bring these kinds of current mess, because politicians are incentivized to please the larger part of the population.

Democracy is nothing but the dictatorship of the more numerous. And wealth being unequally shared (because it is unequally produced in the first place!), the more numerous will give their vote to however promises to take from the rich to give to the poor.