Posts Tagged ‘Democracy’

An interesting article looking at democracy, it’s shortcomings and can it be made better?

Can We Correct Democracy?

by TOM W. BELL

Suppose you and your friends want to throw an ice cream party, but you can afford only one flavor. Each of you has a different favorite, so you disagree about which flavor of ice cream to buy. No amount of voting can discover the one best flavor of ice cream for your party; you simply cannot please everybody.

Democracy evidently does not have all the answers. Yet you and your friends would readily agree to reject some flavors of ice cream. Nobody wants to party with dirt-flavored ice cream, for instance.

The lesson: Democracy works best at correcting mistakes.

via Can We Correct Democracy? : The Freeman : Foundation for Economic Education.