Quote from Henry Grady Weaver 

"The Greeks... labored under the delusion that their democracy was a guarantee of peace and plenty, not realizing that unrestrained majority rule always destroys freedom, puts the minority at the mercy of the mob, and works at cross-purposes to the effective use of human energy and individual initiative."

Quote by:
Henry Grady Weaver
(1889-1949) American author, General Motors marketing executive who made the cover of Time in 1938
Source:
"The Mainspring of Human Progress," 1947
 
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