"The theoretical vision of democracy focuses on men as citizens—more lately men and women as citizens. By contrast, the standard theoretical interpretation of the economy so rigorously extolled in classical and neoclassical economics focuses on men and women as producers and consumers of goods and services. To be sure, the democratic perspective cannot ignore the elementary fact these citizens are also producers and consumers; and implicitly or explicitly the standard economic perspective recognizes that producers and consumers exist in a political system of some kind, ideally perhaps as citizens in a democratic order. Yet each perspective gives central emphasis to one aspect rather than the other. [...] Thus are the first small seeds of discord between democracy and capitalism scattered by the winds of doctrine. What consumers are free to spend depends on their income, and if they are distributed unequally, then how can citizens be political equals? And if citizens cannot be political equals, how is democracy to exist? conversely, if democracy is to exist and citizens are to be political equals, then will democracy not require something other than a market-oriented, private enterprise economy, or at the very least a pretty drastic modification of it?"
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Democracy and Its Critics
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