This is not a case of too much democracy, as conservative commentators sometimes claim, but of too little. Underdeveloped democratic institutions allow for decisions that are individually rational but collectively shortsighted and harmful.
这不是民主太多的问题（保守主义评论家时常这样宣称），而是民主太少的问题。不发达的民主机构让个体理性但集体短视和有害的决策得以成行。