Over the last few weeks, i have been working on a podcast series about Hoppe's - Democracy: The God That Failed.

In it, Hoppe suggests that there is a radically different incentive structure for a monarchic government versus a democratic one, with respect to incentive for power and legacy.
Hoppe conceptualizes a monarchic government as essentially a privately owned government. As such, the owners of that government will be incentivized to bring it as much wealth and success as possible. While a democratic government, being publicly owned, has the exact opposite incentive structure. Since a democracy derives power from the people, it is incentivized to put those people in a position to be fully reliant on the government and the government will seize more and more power from the people over time, becoming ultimately far more totalitarian and brutal than a monarchic government.

What do you think?

In case you are interested, here are links to the first episode in the Hoppe series.
Apple - https://podcasts.apple.com/us/podcast/pdamx-22-1-1-monarchy-bad-democracy-worse/id1691736489?i=1000658849069

Youtube - https://youtu.be/w7_Wyp6KsIY

Spotify - https://open.spotify.com/episode/2rMRYe8nbaIJQzgK06o6NU?si=fae99375a21c414c

(Disclaimer, I am aware that this is promotional - but I would prefer interaction with the question to just listening to the podcast)