Greece Is Broke, and So Is Its Democracy

Greece Is Broke, and So Is Its Democracy

Democracy rests on a delicate balance of economic interests. Citizens both pay taxes to, and receive benefits from, government which is controlled by the democratic process. Rhetoric notwithstanding, the normal pattern in Western democracies is that lower-income families are net beneficiaries and higher-income families are net payers. The crucial balance point for democracy is where the crossover in the weight of the electorate occurs.

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