Orwell wrote:
I would say that part of the problem is inherent to democracy: with periodic changes in who is in charge, there is little chance for a consistent economic policy to be implemented.
Democracies are doomed. As soon as the politicians offer the key to the treasure house to the voters in exchange for being elected (and/or re-elected) the economic system of the country will come apart.
So what will happen is some kind of ad hoc fascistic system to "save" the economy, like what happened to Germany during the hyperinflation. We all know what came of that debacle .
ruveyhn