Attention Economy


Tuesday, November 1, 2016

Democracy – Pros and Cons

An entertaining and timely piece from the New Yorker:
THE CASE AGAINST DEMOCRACY: If most voters are uninformed, who should make decisions about the public’s welfare? By Caleb Crain
“Roughly a third of American voters think that the Marxist slogan “From each according to his ability to each according to his need” appears in the Constitution. About as many are incapable of naming even one of the three branches of the United States government. Fewer than a quarter know who their senators are, and only half are aware that their state has two of them.
Democracy is other people, and the ignorance of the many has long galled the few, especially the few who consider themselves intellectuals….
It would be much safer, Plato thought, to entrust power to carefully educated guardians….
A more practical suggestion came from J. S. Mill, in the nineteenth century: give extra votes to citizens with university degrees or intellectually demanding jobs.”


E.B. Whites’ classic description of democracy published in the year 1943:
http://www.newyorker.com/books/double-take/e-b-white-on-the-meaning-of-democracy
“Democracy is the recurrent suspicion that more than half of the people are right more than half of the time.”