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" The task is how to restrain and limit private power in order to allow democracy to be sustained, otherwise it will succumb to plutocracy and have the mere appearance of democracy while being nothing to do with genuine democracy. This is the situation that now prevails in most capitalist democracies, which are invariably plutocracies controlled by private elites. "

, Social Capitalism: Against Mammonism


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 quote : The task is how to restrain and limit private power in order to allow democracy to be sustained, otherwise it will succumb to plutocracy and have the mere appearance of democracy while being nothing to do with genuine democracy. This is the situation that now prevails in most capitalist democracies, which are invariably plutocracies controlled by private elites.