dictatorship(in good hands) > democracy > dictatorship(in bad hands)
dictatorship(in good hands) > democracy > dictatorship(in bad hands)
Of course we can't be sure dictatorship will always be in good hands, hence next best thing is democracy.
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Democracy does seem to cater people just below average. Good monarchs can easily beat that, but then the new problem presents itself very quickly - good monarchs are far and few between.
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