When They Say Democracy They Mean Control

4 min read
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Dec 10, 2025

They scream “protect democracy” while throwing people in jail for tweets and trying to bankrupt the last big free-speech platform on earth. If this is democracy, who needs dictatorship? The mask is coming off faster than…

Financial market analysis from 10/12/2025. Market conditions may have changed since publication.

Have you ever noticed how the loudest defenders of “democracy” are usually the same people trying to decide what you’re allowed to say, read, or even think?

It’s one of those linguistic tricks that should set off alarm bells the moment you hear it. When a politician or bureaucrat starts every sentence with “in a democracy…” you can almost guarantee the next words will be about taking something away from you. Funny how that works.

The Word Has Lost Its Meaning

Let’s be honest for a second. Most of us grew up believing democracy meant rule by the people, free elections, free speech, the whole package. Somewhere along the line the definition got rewritten. Today, when certain circles say “democracy,” what they actually mean is “outcomes we like enforced by any means necessary.”

If the voters pick the wrong candidate? That’s a “threat to democracy.” If someone posts a politically incorrect meme? That’s “disinformation” that endangers the republic. If a tech billionaire refuses to censor on command? Well, clearly he’s an enemy of democratic values and must be punished.

It’s Orwellian doublespeak dressed up in progressive clothing, and it’s spreading faster than anyone wants to admit.

Censorship as the New Democratic Virtue

Remember when free speech used to be the cornerstone of liberal democracy? Those days feel almost quaint now.

Over the past decade we watched an extraordinary coordinated campaign to convince the public that the real danger isn’t government overreach; it’s ordinary people having unapproved opinions. The solution, naturally, is for “experts” and “fact-checkers” to decide what information you’re mature enough to handle.

“Imagine if the West were still fully aligned on censorship-by-proxy. We were inches from global speech control.”

– A journalist who helped expose the scale of it

He wasn’t exaggerating. Government agencies, NGOs, universities, and tech giants built an entire industrial complex dedicated to suppressing dissent, all while telling us it was “protecting democracy from itself.”

Europe’s Open War on Free Expression

While America at least pretends to care about the First Amendment, Europe has gone full authoritarian cosplay.

People are literally being arrested for Facebook posts. Police show up at your door because you called a politician a less-than-flattering name on the internet. One country after another passes “hate speech” laws so broad you can go to prison for hurting someone’s feelings.

And now they’ve set their sights on the last major platform that still refuses to play ball.

The European Commission just slapped a massive fine on X, claiming the platform isn’t doing enough to “verify” accounts and stop “illegal content.” Translation: it won’t censor fast enough or enthusiastically enough to suit Brussels.

Think about that. An unelected bureaucracy is trying to bankrupt an American company because it doesn’t control the narrative on a global speech platform. If that isn’t a declaration of war on free expression, I don’t know what is.

The Lawfare Playbook at Home

Meanwhile, back in the States, the weaponization of the legal system continues unabated.

A small army of activist lawyers, funded by billionaire cash funneled through nonprofit shells, has spent years trying to jail political opponents through endless frivolous prosecutions. When one case collapses, they just file another. The goal isn’t justice; it’s exhaustion, bankruptcy, and intimidation.

  • Indict on Monday
  • Leak to friendly media on Tuesday
  • Fundraise off the outrage on Wednesday
  • Repeat until the target is destroyed or the public stops caring

It’s a hell of a business model if you can stomach the ethics.

And when someone finally pushes back? When voters reject the script and elect the “wrong” candidate anyway? The legal system simply protects its own. Cases against high-profile insiders get dismissed on technicalities. Grand juries refuse to indict, no matter how strong the evidence.

Funny how “no one is above the law” only seems to apply in one direction.

What Happens Next?

Here’s where things get interesting.

The incoming administration has made it clear: the censorship coordinated by government is over. Full stop. That alone changes the game dramatically.

Europe’s attempt to punish an American company for refusing to censor? That’s not going to age well. Expect retaliatory tariffs, frozen assets, maybe even sanctions on the bureaucrats pushing this nonsense. When you pick a fight with the world’s largest economy over free speech, you’d better be ready for consequences.

And domestically? The dark-money pipelines funding endless lawfare are about to run dry. When the billionaires realize their donations no longer buy the outcomes they want, the spigots close fast.

Suddenly all those “public interest” law firms might have to, you know, represent actual clients who pay actual bills.

The Bigger Picture Nobody Wants to Say Out Loud

Here’s the part that keeps me up at night.

We were genuinely close, terrifyingly close, to a system where global speech was controlled by a handful of governments and corporations working in perfect harmony. A permanent managerial class deciding what constitutes “truth” and making sure you never heard anything else.

That future hasn’t been canceled. It’s been delayed.

The same people who spent years telling us “democracy dies in darkness” are the ones who wanted to turn out the lights permanently. They’ll be back with new slogans, new laws, new emergency justifications.

The price of actual liberty, it turns out, is staying skeptical every single time someone claims they need to restrict your freedom in order to save it.

Because when they scream “democracy” these days, nine times out of ten they’re really just saying: shut up and do what you’re told.

And that, friends, is the opposite of democracy, no matter how many flags they wrap it in.

When perception changes from optimism to pessimism, markets can and will react violently.
— Seth Klarman
Author

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