Tuesday, July 19, 2016

How to Know Whether We Live in a Democracy or Whether We Are in the Throes of Populism

From Mumbai, Anand Pandya writes:
Nassim Nicholas Taleb has put it best:
“When people vote the way of the intellectual-yet-idiot elite, it is ‘democracy’. Otherwise it is misguided, irrational, swayed by populism and a lack of education.” 
Or, as I like to put it:

When the left wins elections, it is the proof that democracy is at work.
When the right wins elections, it means we are in the throes of populism.