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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.
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.
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