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Schumpeter on Democracy

Talking Politics: HISTORY OF IDEAS

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The Path From Capitalism to Socialism

Shimeta says there's a path from capitalism to socialism, vi the democratic method. But it is not inevitable, and it is not a broad path,. It is quite a narrow one. There is still a big difference between its being the democratic path and falling off it. The real strength of the shimpetarian definition comes if you try and apply it to areas where people do not have that kind of choice," he said.

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