georgephillip
Diamond Member
Confused about the fundamental conflicts regarding proper distribution of power?
"Listen, for example, to liberal economist Lester Thurow who writes that 'democracy and capitalism have very different beliefs about the proper distribution of power.
"'One believes in a completely equal distribution of political power, "one man [sic] one vote," while the other believes that it is the duty of the economically fit to drive the unfit out of business and into extinction. "Survival of the fittest" and inequalities in purchasing power are what capitalist efficiency is all about.
"'Individual profit comes first and firms become efficient to be rich. To put it in its starkest form, capitalism is perfectly compatible with slavery. Democracy is not.'"
Capitalism and Democracy Don't Mix Very Well ::: International Endowment for Democracy
"Listen, for example, to liberal economist Lester Thurow who writes that 'democracy and capitalism have very different beliefs about the proper distribution of power.
"'One believes in a completely equal distribution of political power, "one man [sic] one vote," while the other believes that it is the duty of the economically fit to drive the unfit out of business and into extinction. "Survival of the fittest" and inequalities in purchasing power are what capitalist efficiency is all about.
"'Individual profit comes first and firms become efficient to be rich. To put it in its starkest form, capitalism is perfectly compatible with slavery. Democracy is not.'"
Capitalism and Democracy Don't Mix Very Well ::: International Endowment for Democracy