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Multiheaded comments on Eutopia is Scary - for the author - Less Wrong Discussion
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Have you read this article by EY? It explains why merely having the right to vote does a lot for the well-being of a democracy's citizen, as it's a permanent plausible threat to the political class.
I read that a few months ago and updated accordingly.
I still disagreed.
The right to vote creates far more dynamics than just that, and many are not very favourable to well-being at all.