Democracy among high IQ, low time preference, property owning males may be fine, but I'm afraid the slippery slope to unlimited democracy and its low time preference, communistic third worldism may be inevitable. It only took America about 200 years.
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We could also say, "screw the people, just do what's best for the elites because in the long term what's best for the elites *is* what's best for the people" (ie "let's just replace the people with the elites, and we'll improve civilization").
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But I'm not sure that actually works out that well either. Probably results in too much conflict.
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Of course, this middle position is the rationalization of choice for the Solons who rule the West.
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True, but I'm not sure we can trust democracy more.
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Thus is why democracy is evil, it incentivizes the people in charge to spend more time to creating propaganda than enacting productive policies.
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