Counter-gang von Hayek Revives Mandeville’s Hellfire Club in the 20th Century
Part 3 of a Trilogy
In Book 8 of The Republic, Plato’s protagonist Socrates observes astutely that “the ruin of oligarchy is the ruin of democracy. The same disease magnified and intensified by liberty overmasters democracy- the truth being that the excessive increase of anything often causes a reaction in the opposite direction and this is the case not only in the seasons and in vegetable and animal life, but above all in forms of government”.
See Also: Matt Ehret @ Phi Beta Iota
