What separates democracies from tyrannies and failed states is that democracies determine power's distribution through deliberation and debate while tyrannies and failed states are governed by the rule of the gun and the laws of the jungle.

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But those who participate in the elections must understand that these elections are the way to the one authority, the rule of law, and the one legal gun.

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Long before they had to firms like Goldman Sachs, JPMorgan Chase and Bank of America were jumping the gun on the Volcker Rule and shutting down some of their proprietary trading desks.

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