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Pure democracy is collectivist mob-rule .

Under capitalism no individual, nor any group of individuals, whether they be a minority or a majority, can violate the inalienable rights of any other minority, including the most oppressed minority that has ever existed — the individual.

Capitalism limits the democracy — the majority of the moment — to a useful purpose: the electing of various individuals to various positions of public office. Other then this limited aspect, the power of the majority is severely limited. Capitalism in this sense only supports a limited “democracy”, but not a pure unlimited one.

In the sense, commonly used, that democracy means egalitarianism — the equality of results (wealth), by an unequal protection (violation) of rights — capitalism is entirely opposed to it.

To quote The Federalist, on democracies: “it may be concluded that a pure democracy…can admit of no cure for the mischiefs of faction…[as] there is nothing to check the inducements to sacrifice the weaker party or an obnoxious individual. Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths.”