UN Security : The right of a permanent member to veto majority decision is justified?

UN Security : The right of a permanent member to veto any majority decision. Do you think is it justified in the present era of democracy?.....
Do you think the change in this old days colonial style rule;the right to veto any majority decision by a single permanent member would bring the member nations more closer towards peace and prosperity?..........:glugglug::wave::hatsoff:
 

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