The simple answer to the question with which we began is that we do not know whether democracy fosters or hinders economic growth. - Adam Przeworski

Democracy can be an equilibrium: a system of "self-government" in which the distinction between the rulers and the ruled disappears.

Thus finally we must abandon even the title. It is not the proletariat that is being formed into a class: it is a variety of persons some of whom are separated from the system of production. Processes of forming workers into a class do not take place in a vacuum; rather, they are inextricably tied to the totality of processes through which collectivities appear in struggle at particular moments of history. And the outcomes of these processes, while not arbitrary, are not determined uniquely by the structure of social relations. More than one outcome lies within the limits set by those relations.

Democracy is a system in which parties lose elections. [Footnote:] Note that the presence of a party that wins elections does not define a system as democratic: The Albanian People's party has regularly produced overwhelming victories. It is only when there are parties that lose and when losing is neither a social disgrace (Kishlansky 1986) nor a crime that democracy flourishes."