G. Sorel: Electoral Democracy and Stock Exchange

Georges Sorel: Electoral Democracy and Stock Exchange

"Electoral democracy greatly resembles the world of the Stock Exchange; in both cases, it is necessary to work upon the simplicity of the masses, to buy the cooperation of the most important papers, and to assist chance by an infinity of trickery; there is not a great deal of difference between a financier who puts grand-sounding concerns on the market, which come to grief in a few years, and the politician who promises his fellow citizens an infinite number of reforms, which he does not know how to bring about and which resolve themselves simply into an accumulation of parliamentary papers. Neither one nor the other knows anything about production and yet they manage to obtain control over it, to misdirect it and to exploit it shamelessly: they are dazzled by the marvels of modern industry and they each imagine that the world is so rich that they can rob it on a large scale without causing any great outcry amongst the producers; to bleed the taxpayer
without bringing him to the point of revolt, that is the whole art of the statesman and the great financier. Democrats and businessmen have a very special science for the purpose of making deliberative assemblies approve of their swindling; parliamentary regimes are as fixed as shareholders' meetings. It is probably because of the profound psychological affinities resulting from these methods of operation that they both understand each other so perfectly: democracy is the paradise of which unscrupulous financiers dream."

(Reflections on Violence, Cambridge, Cambridge University Press, 1999, pp. 221-222.)