“a system of government in which the least capable of leading
are elected by the least capable to choosing,
and where the members of society least able to produce
are rewarded with goods and services
paid for by a diminishing number of producers.”

Well, whatever its definition, it sounds like an appropriate term for some of the governance we see these days.

Obama: The idea that so many children are born into poverty in the wealthiest nation on Earth is heartbreaking
The Commonwealth Charter - a good idea

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