The happy man . . . will be always or at least most often employed in doing and contemplating the things that are in conformity with virtue. And he will bear changes of fortunes most nobly, and with perfect propriety in every way.
And what has come to prevail in democracies is the very reverse of beneficial, in those, that is, which are regarded as the most democratically run. The reason for this lies in the failure properly to define liberty. For there are two marks by which democracy is thought to be defined: "sovereignty of the majority" and "liberty." "Just" is equated with what is equal, and the decision of the majority as to what is equal is regarded as sovereign; and liberty is seen in terms of doing what one wants.
Democracy arises out of the notion that those who are equal in any respect are equal in all respects; because men are equally free, they claim to be absolutely equal.
Since we think we understand when we know the explanation, and there are four types of explanation (one, what it is to be a thing; one, that if certain things hold it is necessary that this does; another, what initiated the change; and fourth, the aim), all these are proved through the middle term.
Both Self-restraint and Unrestraint are a matter of extremes as compared with the character of the mass of mankind; the restrained man shows more and the unrestrained man less steadfastness than most men are capable of.