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Context: OnFreedom, OnCapitalism

Quora Answer : Is PeterThiel correct that in stating that less democracy is desirable and required to save capitalism?

Apr 4, 2018

Yes. Of course.

Democracy is an institutional arrangement to ensure that freedom and power are distributed fairly to all members of society.

Capitalism is an institutional framework for the rich and powerful to grab as much freedom and power for themselves as they can. To the exclusion of everyone else.

How can these principles not, in the final analysis, be incompatible?

Ultimately, the capitalist, when he (or she) has locked in enough power and influence, will always chafe at the restrictions that any institutional guarantor of egalitarian distribution of power places on him. And will start to work to destroy it.

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