where in the world the majority realy decides? western world is a Plutocracy.
"Tyranny of the Majority against the rights of all to the freedom of transaction."
this doen't make any sense. whenever majority doesn't decide it's a "dictatorship" of a small group.
This is only true if you're disallowing individuals to make individual decisions; by allowing others the right to freedom, you don't have to worry about majority rule or minority rule.