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But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world. ↗
#capitalism #democratic #democratic society #economy #example
I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate. ↗
