I could see how "democracy" might do very well in a society of saints and sages led by an Alfred or an Antoninus Pius. Short of that, I was unable to see how it could come to anything but an ochlocracy of mass-men led by a sagacious knave.

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Quote text and notes from Wikiquote: Albert Jay Nock (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.