This quote encapsulates a chilling moment in history where the industrial and political elite converged, recognizing and, disturbingly, embracing the demise of democratic values in favor of authoritarian rule. It sheds light on the complicity of powerful social and economic groups in the erosion of democracy that paved the way for regimes like Nazi Germany. The reference to the 'end of the infernal elections' speaks volumes about the disdain some powerful figures held towards democratic processes, viewing them as hindrances rather than essential pillars of freedom and representation.

It is particularly telling that the promise of ending disarmament—a move towards military rearmament—is welcomed with enthusiasm, reflecting how industrial interests were aligned with militarization and nationalism. This intertwining of industry with militaristic and authoritarian ambition highlights the roles different sectors played in enabling aggressive, undemocratic regimes. As William L. Shirer meticulously documents in The Rise and Fall of the Third Reich, this alliance between industrialists and authoritarian power was instrumental in the horrific ascent of Nazi Germany.

Reflecting on this, we see a cautionary tale about the consequences when economic interests overshadow ethical governance and democratic ideals. The quote reminds us that democracy isn’t just about elections; it is a system susceptible to sabotage if key players in society prioritize power and profit over collective freedom and human rights. Understanding this historical context warns current and future societies to vigilantly protect democratic institutions against similar erosions, emphasizing the responsibilities borne by all strata of society to uphold democracy, equity, and peace.