'...comes the Revolution.' | Emanuele Corso

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Emanuele Corso | World News Trust

Aug. 10, 2014

The Economist magazine recently published an essay asking, “What’s gone wrong with democracy?” Why has Democracy run into trouble and what can be done to “revive” it?

What’s “wrong” with Democracy is not limited to economics. American Democracy, such as it is, is long overdue for scrutiny. When a state supreme court chief justice claims the 1st Amendment only protects Christians and the U.S. Supreme Court declares corporations are entitled life forms, more is wrong than a just few aberrations. It’s a movement and not a good one for Democracy.

Democracy and Capitalism are not compatible ideologies -- they are, in fact, antithetical. Democracy is about human beings, Capitalism about money. Democracy is about equality, Capitalism is about inequality. The former asks for cooperation the latter demands competition. There are consequences to this dichotomy; one economist called it the “Great Gatsby curve” where upward social mobility is thwarted by inequality. It’s telling that the criticism of Piketty’s, Capital in the 21st Century, has been feeble at best.

Democracy is a political belief system while Capitalism is an economic belief system posing as a religion. As John Foster Dulles once remarked, “For us there are two kinds of people in the world. There are those who are Christians and support free enterprise, and there are the others.” Capitalism and Democracy are antagonistic. This isn’t complicated. Capitalistic success eliminates equality, establishes market hegemony, while redefining venality and greed as virtues. Democracy, on the other hand, binds a population into a sense of common good antithetical to the “whatever it takes” ethos of Capitalism.

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