Lord Alexander Fraser Tytler Woodhouselee (1747-1813), Scottish advocate, judge, writer, and historian served as Professor of Universal History, and Greek and Roman Antiquities at the University of Edinburgh.
According to Lord Tytler the average age of the world’s democracies is around 200 years.
After two hundred years, nations collapse due to various economic policies and are followed by a dictatorship.
Lord Tytler identified “Eight Stages of a Democracy”, from beginning to end.
- Bondage to spiritual faith.
- Spiritual faith to great courage.
- Courage to liberty.
- Liberty to abundance.
- Abundance to complacency.
- Complacency to apathy.
- Apathy to dependence.
- Dependence back to bondage.
Life and our universe move in cycles, and history is no different. Financial markets cycle also…
Question: The United States is a Representative Republic, which stage do you feel like we are in?
Securities 0ffered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Legacy Wealth Management are not affliated. Securities are offered to residents of: MO, GA, KS and TX. Advisory services available upon request in all 50 states.
The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Legacy Wealth Management makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any director indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information, and programs made available through this site.