"A democracy continues to exist until such time that the voters discover that they can literally vote themselves gifts from the public treasury. From the moment that revelation is made, the majority proceeds to vote for candidates who promise the most benefits from the public treasury. The final result is that every democracy finally collapses due to loose fiscal policy. That collapse is always followed by dictatorship.
These nations progress through the following sequence: from bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to complacency; from complacency to apathy; from apathy to dependence; and finally from dependence back into bondage."
Alexander Tyler, 1787 (via encourageous)
(Source: ramoorebooks, via encourageous)