A Quote by Eugene Fama

I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can have views of all stripes, and there's no reason to argue about it. — © Eugene Fama
I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can have views of all stripes, and there's no reason to argue about it.
In a modern democracy, not only can a libertarian be elitist; a libertarian has to be elitist. To be a libertarian in a modern democracy is to say that nearly 300 million Americans are wrong, and a handful of nay-sayers are right.
When we talk about Cuban democracy we are referring to participatory democracy which is big difference with representative bourgeois democracy. Our is a democracy in which everything is consulted with the people; it is a democracy in which every aspect and important decision that has an impact in the life and society of the people, is done in consultation.
There isn't much point arguing about the word "libertarian." It would make about as much sense to argue with an unreconstructed Stalinist about the word "democracy" - recall that they called what they'd constructed "peoples' democracies." The weird offshoot of ultra-right individualist anarchism that is called "libertarian" here happens to amount to advocacy of perhaps the worst kind of imaginable tyranny, namely unaccountable private tyranny. If they want to call that "libertarian," fine; after all, Stalin called his system "democratic." But why bother arguing about it?
If you do not assume the law of non-contradiction, you have nothing to argue about. If you do not assume the principles of sound reason, you have nothing to argue with. If you do not assume libertarian free will, you have no one to argue against. If you do not assume morality to be an objective commodity, you have no reason to argue in the first place.
We think about democracy, and that's the word that Americans love to use, 'democracy,' and that's how we characterize our system. But if democracy just means going to vote, it's pretty meaningless. Russia has democracy in that sense. Most authoritarian regimes have democracy in that sense.
Democracy doesn't recognize east or west and democracy is simply people's will. Therefore, I do not acknowledge that there are various models of democracy; there is just democracy itself.
Democracy doesn't recognize east or west; democracy is simply people's will. Therefore, I do not acknowledge that there are various models of democracy; there is just democracy itself.
This country has always been run by elite, and it's an elitist democracy. And that's not a radical concept. It's elitist democracy. When people talk about democracy, they don't talk - really talk about participatory democracy, until the point that we get us at Election Day.
The moral case is, people say, "Oh they're not ready for democracy," but that's something someone who lives in a democracy would say about someone who doesn't live in a democracy. Well, if democracy is the highest form of human potential, then it can't be true for us and not for them. But, the practical case is democracies don't invade their neighbors. Democracies don't traffic in child soldiers. Democracies don't harbor terrorists as a state policy. So there's a reason to have more democratic states.
Democracy has always been in crisis: democracy is all about practicing the art of bearable dissatisfaction. In democratic societies, people often complain about their leaders and their institutions. The gap between the ideal democracy and the existing one cannot be bridged.
When we talk about democracy, if the people's stomach is empty, democracy is also empty. Democracy can not be installed by fiat; it must be achieved by the people themselves.
Democracy is never a thing done. Democracy is always something that a nation must be doing. What is necessary now is one thing and one thing only, that democracy become again democracy in action, not democracy accomplished and piled up in goods and gold.
Democracy is never a thing done. Democracy is always something that a nation must be doing. What is necessary now is one thing and one thing only that democracy become again democracy in action, not democracy accomplished and piled up in goods and gold.
As is often the case when things are complicated, extreme views have superficial appeal. On the one extreme, some see China as an inevitable enemy that must be contained; on the other hand, there are those who see China as a slowly developing democracy that can be embraced.
We have these old fashioned ideas. For instance, here in America, we talk about democracy - but we don't have a democracy. There are elements of a democracy.
Noam Chomsky has a book, which I read for the first time when I was in Spain, called 'Fear of Democracy'. There is your answer. Fear of democracy. In Honduras, they had a sham democracy. It was run by elites, what was called a liberal democracy, but in reality was a false democracy.
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