By David Scott | Monday 30 April 2018
The theory of the happy union of capitalism and democracy rests on capitalism creating secure middle-class employment for millions of citizens. Once capitalism only creates a permanent-debt-serf class and a technocrat / financier / entrepreneur / speculator class that harvests over 70% of the wealth and income, then democracy dies by the slow poison of rising inequality and the ever greater collusion of wealth and political power.
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