{"id":116,"date":"2007-08-05T21:43:00","date_gmt":"2007-08-06T05:43:00","guid":{"rendered":"http:\/\/www.robinstewart.com\/blog\/?p=116"},"modified":"2007-08-05T21:43:00","modified_gmt":"2007-08-06T05:43:00","slug":"116","status":"publish","type":"post","link":"https:\/\/www.robinstewart.com\/blog\/2007\/08\/116\/","title":{"rendered":"Democracies and Mutual Funds"},"content":{"rendered":"

I was chatting with Rajiv today about politics and history and economics and came up with an interesting analogy. <\/p>\n

We were talking about how monarchs can really do amazing things for a country if they’re good, but if they’re not good or just crazy they can really screw things up. In a democracy, by contrast, the people have the power but don’t necessarily know what they really want or how to get it done; things have to be voted on; nothing radical tends to happen.<\/p>\n

So basically, democracy is like a mutual fund – low risk, medium return. Monarchy is more like an individual stock – more risky but with the potential for much higher returns. Democracies stick around while monarchies eventually get wiped out by a string of too many bad leaders.<\/p>\n","protected":false},"excerpt":{"rendered":"

I was chatting with Rajiv today about politics and history and economics and came up with an interesting analogy. We were talking about how monarchs can really do amazing things for a country if they’re good, but if they’re not good or just crazy they can really screw things up. In a democracy, by contrast, … <\/p>\n

Continue reading “Democracies and Mutual Funds”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/posts\/116"}],"collection":[{"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":0,"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.robinstewart.com\/blog\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}