Democracy--the God That Failed: The | Economics A...

This title refers to the influential book by , titled Democracy—The God That Failed: The Economics and Politics of Liberty, Capitalism, and Private Government .

Published in , the work is a cornerstone of paleo-libertarian and anarcho-capitalist thought. Hoppe uses economic analysis to argue that democratic systems are inherently less stable and more wasteful than traditional monarchies or private property orders . His central thesis is that democracy leads to "short-termism" and the erosion of private property rights because elected officials are "temporary caretakers" rather than owners of a nation’s capital. Democracy--The God That Failed: The Economics a...