Democracy isn't a failure. Capitalism is. Now before you dismiss me, I'm not defending socialist states, they are far far worse than liberal democracies, however liberal democracies are run by money. Politicians are bought and sold, and we see an undemocratic group of very powerful individuals influencing legislation and pushing around politicians and manipulating public opinion. How can we claim to live in a democra…
They're complementary. A sibling thread on this article says that the problem with democracy is that votes based on a gut feeling that doesn't reflect reality count for the same as well-researched votes by experts with a full understanding of the consequences: https://news.ycombinator.com/item?id=12878457 Capitalism solves this problem with bankruptcy & business failure. People whose beliefs are shown to be false los…
And how often does this work in real life?