>...I don’t know why people downvoted this because it is obviously correct. In a democracy you have to buy the votes of the largest constituency with other people’s money,

In the last few decades both political parties in the USA have tried to outdo each other in reckless over-spending, but for the first couple hundred years that wasn't the case. Something changed.

There wasn't a speculative economy based on increasingly distant balance sheets.

The stock market was initially created to crowdfund big investments. It's still that in theory, but in practice it's something very different now.

In a similar manner to bastardizing the stock market, the national budget is run in any way that is short term beneficial and long term nebulous.

You can read this exact criticism of democracy in „Athenaion Politeia“, (The Old Oligarch), 5th century BCE. There is nothing new under the sun.

It always worked like this. Democracy is simply an incredibly destructive form of government.