The fatal flaw in democracy, as identified by Ben Franklin, Alexis de Toqueville, and Karl Marx, is the mass of voters will eventually elect to raid the treasury. This is a systemic problem.
The short-coming of republican government is the humans entrusted with preserving it will undermine the rule of law in various ways, suggesting this ideal form cannot be achieved.
Modern western representative democracies today face a two-pronged problem. The people have voted themselves an ever-more-generous welfare state and the state bureaucracies, for many complex reasons, have failed in their oversight responsibilities.
The most likely scenario is we muddle through it somehow and life goes on.
The short-coming of republican government is the humans entrusted with preserving it will undermine the rule of law in various ways, suggesting this ideal form cannot be achieved.
Modern western representative democracies today face a two-pronged problem. The people have voted themselves an ever-more-generous welfare state and the state bureaucracies, for many complex reasons, have failed in their oversight responsibilities.
The most likely scenario is we muddle through it somehow and life goes on.