Are Democracy and economic equality fundamentally incompatible?

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Also, one more thing. Capitalism hasn't always been the enemy of the "left." In the 18th and 19th centuries, in fact, the left pushed for free-markets as opposed with mercantilism, because they knew that it was the only way to benefit the poor and common men. It was only with the successes of the free-market that the left realized that redistribution was possible, as production lead to large amounts of wealth-accumulation. This caused a split in the left-wing, and coalitions were formed with the right (true-conservatives), and the left-right scale made much less sense than it had during the French and American revolutions.