But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.

Summary

This quote suggests that a democratic society, where political power is exercised by the people, has not yet been successfully coupled with a socialist economy, which offers an alternative economic system to capitalism. It implies that socialism, with a collective ownership of resources and means of production, is the only viable alternative to capitalism in today's world. The quote implies a belief that true democracy and socialism have not yet been effectively merged, and therefore, a democratic socialist model remains elusive.

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