I have so far been avoiding this sensitive topic as it does me no good, and it can easily backfire. Yet, Brexit provides a good opportunity, a good entry point, into this potentially highly regrettable subject of discussion. Seeing that everyone has a mixed feeling about Brexit (mostly negative though), and seeing that Brexiteers are being blamed, while the democratic process that gave birth to the whole nightmare is ignored, this exact moment is an appropriate time to start asking one simple, yet profound question: “Is democracy a good system?”.
The short answer remains: “Yes. Absolutely yes.”
The long and typical answer from any economists with two hands: “Well, it depends.” On the one hand, democracy is, thus far, the best system out of many other worse alternatives. Is it a good system? Yes. On the other, is it a perfect system? No. Not even qualified as great.