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democracy', we are in fact referring to a number of different interlocking institutions. People sticking pieces of paper into ballot boxes, yes. Their elected representatives making speeches and voting in a large assembly hall, yes. But those things alone do not automatically give you democracy. Outwardly, the legislators of countries like Russia and Venezuela are elected, but neither qualifies as a true democracy in the eyes of impartial observers, not to mention those of local opposition leaders. Just as important as the act of putting crossed or stamped papers in ballot boxes are the institutions – usually

( Niall Ferguson )
[ The Great Degeneration: How ]
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