Gold and Guns
In his extraordinary book Democracy: The God that Failed , Hans Hermann Hoppe points out that the process of civilization is stopped when government continually violates property rights. The natural process of civilization comes through delaying consumption, saving, and building capital. Undoing it leads to higher societal time preference. When natural disasters strike or a gunman robs you in an alley, "the effect of these on time preference is temporary and unsystematic," Hoppe explains. Victims are entitled to defend themselves against the individual aggressor and prepare themselves for the calamities of the occasional act of God. Resources will be reallocated to defend one against potential robbers, and provisions will be made for potential natural disasters. However, when government aggresses, it is considered legitimate and "a victim may not legitimately defend himself against such violations." Democracy legitimizes this government aggression because the violen...