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Schumpeter on Democracy

Talking Politics: HISTORY OF IDEAS

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Democracy Is a Real Test for a Successful Economy

The competition has to be the fake democratic competition that stops short of actual ting, but sufficiently competitive that the people in power can lose power. I wouldn't say with flying colors, but i would defy any one to say that america failed that test. And when joe byden celebrated his becoming president as a vindication of democracy, this grand and term sounding idealized,. actually, what he was defending, though not explicitly, was the shumtarian definition of democracy.

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