Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great… - Vilfredo Pareto

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Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.

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About Vilfredo Pareto

Vilfredo Pareto (July 15 1848 – August 19 1923) was an Italian engineer, sociologist, economist, and philosopher, who contributed greatly to turning economics into a data-based science.

Also Known As

Alternative Names: Vilfredo Federico Damaso Pareto Wilfried Fritz Pareto Pareto
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The diverse natures of men, combined with the necessity to satisfy in some manner the sentiment which desires them to be equal, has had the result that in the democracies they have endeavored to provide the appearance of power in the people and the reality of power in an elite.

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