The problem with government is that over time, it becomes very polarized and it moves into the hands of powerful business interests

Marc Faber : Well, basically, the problem with government is that the original intention of especially a democracy is very good. Everybody has a say in how societies should be structured, but over time, it becomes very polarized and it moves into the hands of powerful business interests, and also interest groups like the military complex, or say the welfare recipients and so forth. So you end up with kind of on the one hand a tyranny of the masses where you distribute all kinds of goodies to people. Like in America roughly 50 percent of the population gets a handout one way or the other from the government. So by continuing to support these people, you get their votes. And at the other side of the spectrum, you have the people that pay the tax, the big corporations, and the well-to-do people, and they also want to maintain their interests, which is natural. And so you have a completely dysfunctional political system.