Historically, all democracies have found it necessary to interfere in the market with a variety of programs that are designed to promote equality. Always to the minimum possible level, if success is to be achieved. The combination worked. It is not an accident that capitalistic societies have constructed political systems where economic wealth can be translated into political power. Nor it is an accident that we have a system where those with political power but without wealth are given opportunities to convert their political power into wealth.
Power is the ultimate consumption good.
Almost alone it is wanted, and can be used, in unlimited quantities. To some extent, but not totally, the politician s power can substitute for his lack of money, and the businessman s economic power can substitute for his lack of political power. By altering the pattern of rewards to favor work over leisure, investment over consumption, the sources of production over the sumps of wealth, taxable over untaxable activities, democracy can directly and powerfully foster the expansion of real demand and income. The combination works.