Democracy and the economy

posted by
October 17, 2011
Adam Smith Institute
by Madsen Pirie  
Posted in Commentary

"Most societies have a tension between rich and poor. Many of the ancient Greek city states chose sides in wars and disputes depending on whether they were oligarchies, ruled by the rich, or democracies, which gave citizens the vote, although not women, slaves or resident foreigners. Even within democratic societies there has always been a tension." (10/17/11)


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