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Democracy is and can only be a temporary form of government

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits the public treasury with the result that a democracy always collapses over lousy fiscal policy, always followed by a dictatorship. The average of the world�s great civilizations before they decline has been 200 years. These nations have progressed in this sequence: From bondage to spiritual faith; from faith to great courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to Complacency; from complacency to apathy; from apathy to dependency; from dependency back again to bondage."
Is this true?
Past dictates the future so will this happen?
Why? How? when?

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    Oct 7 2013: What is then the permanent form of government ?
    • Oct 10 2013: constitutional republic
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        Oct 10 2013: Are democratic countries unconstitutional ?
        Will king / dictator run the "Constitutional Republic" mentioned above ?
        • Oct 10 2013: no democracies really dont exist. sure quasi-democracies do but thats all. theres a difference between democracy and representative government
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        Oct 10 2013: " Democracy is system of 51 fools" some great people said sometimes read somewhere but forgot the name , sorry for that. I agree to a great extent with that as politicians can & do make fool majority if people even in the " first world" to get majority votes. Scenario even worse in democracy of 3rd world countries.

        Curious to know , how the people representatives of " constitutional republic" is / will be selected / elected ?
        Which country currently practicing that ?
        • Oct 10 2013: constitutional republics are practise by most nations we call democratic such as US, England, Japan etc..
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        Oct 11 2013: So these countries don't have "true democracy " as mentioned in earlier comment here above and this "constitutional republic" is the permanent form government as per your comment , is it so ?
        How the "true democracy" works then ?

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