Yep.  Democracy is two wolves and a sheep voting on what's for dinner.

It's 51% of people telling the other 49% what to do.

Once the herd discover they can vote themselves other peoples money, it is all down hill from there. 

In America and many other places they have discovered they can vote themselves other peoples money.  And if the producers don't hand over their hard earned money, the violence of Government will be unleashed upon them.  The ill-gotten gains are spent on social welfare programs and (most of it) on management of the corrupt system - breeding dependance and lifestyle choices of sloth vs becoming productive members of society.

The economy swirls down the toilet bowl.  We have seen this happen time and time again throughout history.  People never learn.