Democracy-The God that Failed, by Hans-Hermann Hoppe examines the economics and politics of monarchy, democracy, and natural order. It begins with a discussion about universal idea of preference - earlier over later goods, more over less durable, etc. It then traces the transition of monarchy to democracy - a process from early eighteenth to early twentieth century. Public opinion and distribution of social needs is then analyzed, effects of transition of power taking a prime spot. Then comes a thought experiment - if the world decides to go democratic, China, or India, or both, shall be the ruler. How monopoly of jurisdiction for the redistribution of income and wealth, as well as uncontrolled migration, gives democracy, monarchic powers, without undermining one's own position, as it is in the case of a king. Thus the book goes on to list the pitfalls of both monarchy and democracy, explaining how, a system based on private wealth stands to fare better, while interpreting fitting historical events that are of significance.
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