I once met a government-employed economist who believed that, because democracy is the most perfect form of government, any decision made by a democracy is automatically the best possible decision. Apparently, some people still believe that, or George Mason University economist Brian Caplan would not have had to write The Myth of the Rational Voter: Why Democracies Choose Bad Policies.
Winston Churchill once said, “democracy is the worst form of government except all the others that have been tried.” Henry David Thoreau was even more skeptical, saying, “A wise man will not leave the right to the mercy of chance, nor wish it to prevail through the power of the majority. There is but little virtue in the action of masses of men.”
