Carthage's representative system according to Polybius
The constitution of Carthage seems to me to have been originally well contrived as regards its most distinctive points. For there were kings, and the house of Elders was an aristocratical force, and the people were supreme in matters proper to them, the entire frame of the state much resembling that of Rome and Sparta. But at the time when they entered on the Hannibalic War, the Carthaginian constitution had degenerated, and that of Rome was better. For as every body or state or action has its natural periods first of growth, then of prime, and finally of decay, and as everything in them is at its best when they are in their prime, it was for this reason that the difference between the two states manifested itself at this time. For by as much as the power and prosperity of Carthage had been earlier than that of Rome, by so much had Carthage already begun to decline; while Rome was exactly at her prime, as far as at least as her system of government was concerned. Consequently the multitude at Carthage had already acquired the chief voice in deliberations; while at Rome the senate still retained this; and hence, as in one case the masses deliberated and in the other the most eminent men, the Roman decisions on public affairs were superior, so that although they met with complete disaster, they were finally by the wisdom of their counsels victorious over the Carthaginians in the war.
The Histories of Polybius published in Vol. III of the Loeb Classical Library edition, translated by W.R. Paton