The Chief Advantage Of Democracy Is Peaceful Transition Of Power

I really do not understand why people think that democracy is so great. Its chief advantage is that it provides for peaceful transitions of power. I continue to believe that markets, imperfect as they often are, produce better outcomes than voting.

I come to appreciate this view more and more. Democracy, even Republic, is not necessarily so good for decision-making. There’s a lesson here for managing projects and organizations as well.

via My Election Take | askblog.

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