Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of ‘one man (one person), one vote’. The market runs on the principle of ‘one dollar, one vote’. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of ‘one man (one person), one vote’. The market runs on the principle of ‘one dollar, one vote’. Naturally, the former gives equal weight to each person, regardless of the money she/he has. The latter give greater weight to richer people. Therefore, democratic decisions usually subvert the logic of market." in the context of "Ha-Joon Chang, in Bad Samaritans (2008), Ch. 8: Zaire vs Indonesia, Should we turn our backs on corrupt and undemocratic countries?, Democracy and the free market, p. 157-158." to mean that wisdom is timeless.