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237. Peter St. Onge

The Bitcoin Standard Podcast

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The Illusion of Democracy: A Case for Monarchy

Democracy is criticized for creating the illusion that government serves the people, leading to complacency and the potential for tyranny. Individuals believe that electing the right leaders ensures good governance, which fosters a dangerous perception of government as a benevolent entity. This perspective encourages voters to grant increasing power to the government, ultimately undermining personal freedoms as they become dependent on it. In contrast, a monarchy, with its clear lineage and long-term stability, presents a more honest depiction of governance, revealing that government exists primarily for its own benefit. Monarchs, understanding their need for continuous authority, may incentivize long-term prosperity and stability for their subjects to maintain a prosperous tax base. Historical evidence suggests that systems run by a limited franchise of wealthier individuals produced more coherent and successful outcomes than the broader democratization which often leads to increased socialism. A governing body comprised of affluent individuals who broadly agree on maintaining personal freedoms may create a conducive environment for prosperity, contrasting significantly with the potential for decline seen in more inclusive electoral systems that allow for populism and socialistic governance.

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