![]() ![]() The problem, says Hoppe, is that democratic leaders do not own the machinery of government. ![]() He wants his cake now - and the future can go scratching.ĭemocracy, in Hoppe’s regard, “wants it now.” It is a spendthrift a profligate a child at large in a candy store.Īs the drunkard cannot see beyond the next drink… democracy cannot see past the next election. She is willing to have her cake later - only after she has seen to her business.īut a Jack with high time preference orients toward present consumption. Hoppe uses the economic concept of time preference to nail his point through.Ī Jill with low time preference delays her gratification until the future. ![]() Hoppe’s work is a sharpened spear levelled against that holiest of secular divinities. In 2001, academic Hans-Hermann Hoppe scribbled a book bearing the soaring title Democracy: The God That Failed. Today we trample sacred ground… trumpet a message of heresy… and offend the wrathful gods. ![]()
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