" (Democracy) withstands on occasion the mass whence it came, and it carries the day. It is hard in reality for private persons attending a meeting, taken up as they are with their own concerns and without having concerted among themselves beforehand, to feel the confidence necessary to reject the proposals which are cleverly presented to them from the platform, and in that necessity for which it is supported by arguments based on considerations of a kind to which they are strangers.

There, too, we see the reason why the Roman people was able for so long to pass its laws on the public square: an examination of the procedure followed shows conclusively that their effective part consisted merely in ratifying what had been jointly determined by the magistrates and the Senate.
In our times, the same methods are exactly produced at annual general meetings of shareholders, how could the managing class strong in competence and briefed to withstand opponents failed to grow convinced that they are the people apart, that only in their hands can the interests of society be safeguarded and that, in brief, society's strongest interest is to preserve and cherish its elite of managers? "

― Bertrand De Jouvenel , On Power: The Natural History of Its Growth