When I started reading this book I was a bit shocked.
I was raised, as most people of my age in the western world, with a few clear ideas including that democracy is the best form of government.
For this reason i thought that the title of the book was intriguing, but I was not prepared to the full, systematic demolition of democracy that the author has carried over.
The first few chapters I was having a sort of cognitive dissonance because the reasoning was sound but clashing with my education about government forms.
Reading Tocqueville in the past has provided me with a good perceptions of the risks of democracy but only to the point of getting me to believe that much care was necessary to avoid them while keeping democracy in place.
Hoppe instead attacks democracy from the foundation: for him it’s not a problem of deviations from the right implementation that make democratic experiences bad, it’s the very nature of democracy that leads to the actual implementation problems that it’s easy to spot in most (if not all) countries of the western world.
While progressing with the reading I got more and more convinced by the reasoning.
There it is a major weakness that I perceive (and it’s not unique to this author’s reasoning): assuming people to be part of the “homo economicus” specie and hence to take rational decisions.
Behavioral finance was born because most people is unable to be rational even when dealing with money and numbers: I doubt that more rationality can be expected when other elements with no defined market value are added to the mix.
Overall it is a book worth reading and I recommend it.