Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.
Vilfredo ParetoAbout author
- Author's profession: Economist
- Nationality: italian
- Born: July 15, 1848
- Died: August 19, 1923
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