Eric Phillips writing at the Ludwig von Mises Institute wishes we were still a Republic, not a Democracy.
Suppose there existed a world democracy with one vote for each person in the population. Is it not obvious, as Hans-Hermann Hoppe points out, that the world would adopt a flagrantly favorable policy towards China and India at everyone else’s expense?
On the other hand, suppose two robbers break into a house and start ransacking the place. When the owner comes down to protest, the robbers, if abiding strictly by the rules of democracy, could simply hold an election to determine whose property the belongings actually are, and with their superior numbers, outvote the legitimate owner.
These examples may seem theoretical, but our government today abides by this exact philosophy. As Murray Rothbard said, “On the free market, everyone earns according to his productive value in satisfying consumer desires. Under statist distribution, everyone earns in proportion to the amount he can plunder from the producers.”
Indeed, it is not capitalism that leads to exploitation as the Left contends; it is democracy.