As a matter of practical necessity,socialist democracy may eventually turn out to be more of a sham than capitalist democracy ever was.

As a matter of practical necessity,socialist democracy may eventually turn out to be more of a sham than capitalist democracy ever was.Wow! Who's words are there? Not mind,I wish they were,but not to be.The words are from Joseph Alois Schumpeter in his book Capitalism,Socialism and Democracy published in 1942.Schumpeter was Austrian born Economist(he was the Austrian minister of finance 1919-20).In 1932 he come to America(don't know if Jewish or not,but do think left because the Nazi)he became an American citizen.
I also think he came the idea of creative destruction.Another good ideas,indeed,creative thinking can shake the world and not always in way,at least stort ranAn example of this would be Suez Canal.It made tranportion of good much cheaper,a good thing.Right? But things got so cheap that business can't made a profit,hence world wide depression.