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Xachariah comments on Please don't vote because democracy is a local optimum - Less Wrong Discussion
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It seems unlikely that the increases in voter turnout is comprised primarily of people happy with the system. 1930s Germany jumped to 85% participation before it became a fascist state. Iran jumped from 45% turnout in 75 to 90% turnout during the 79 revolution.
There's no room left in the demographic pie for non-voting revolutionaries at the numbers we're talking about.