““Every form of government tends to perish by excess of its basic principle. Aristocracy ruins itself by limiting too narrowly the circle withing which power is confined; oligarchy ruins itself by the incautious for immediate wealth... But even democracy ruins itself by excess-of democracy. Its basic principle is the equal right of all to hold office and determine public policy. This is at first glance a delightful arrangement; it becomes disastrous because the people are not properly equipped by education to select the best rulers and the wisest courses... The upshot of such a democracy is tyranny or autocracy; the crowd so love flattery, it is so "hungry for honey," that at last the wiliest and most unscrupulous flatterer, calling himself the "protector of the people" rises to supreme power.””
