The contrapositive of his statement is: IF you believe in capitalist democracy THEN you cannot have universal suffrage.

Since he believes in capitalist democracy, presumably he also believes you cannot have universal suffrage.

Actually, he's more explicit than that. He doesn't believe you can have democracy at all if you're a capitalist: "I no longer believe that freedom [read: capitalism] and democracy are compatible."

So, sounds like that's exactly what he's saying.