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Capitalism and the Future of Democracy

Sep 25, 2008
Capitalism is either the servant or the master of the people. When it is the master, as it has been throughout its existence in China, and as it has been, once again, throughout the last thirty years in the United States, the results are disastrous. We will take up China, with its rampant pollution; its countryside in chaotic, open revolt; its scrambling and scattershot repression; its suborning of global industry, at a later date. Home is where our heart is.

A government of the people, by the people, and for the people devotes its institutions—social, economic, and political—to the general welfare and improvement of its citizenry—that is its purpose and its reason for being. Its institutions exist to ensure that all the people have adequate housing, nutrition, sanitation, education, mobility, economic opportunities, and protection from economic and physical threats from within and without. If they exist for any other reason—say, to enrich a small plutocracy at the expense of the people, their environment, and the future of the planet—then it is not a government of, by, and for the people nor, to the extent the plutocracy has a stranglehold on that government’s institutions, can it be said to be a democracy.

In 2008, five weeks and five days before a national election, our democracy is on the brink of dissolution. The plutocracy that has dominated our government since 1980 has brought us perpetual war,1 global economic collapse,2 a ten trillion dollar deficit with more trillions to come,3 and a suspended Constitution. The Democratic takeover of Congress in 2006 has done nothing to stem the tide of these developments. Nor does either major presidential candidate question the fundamental misdirection of our nation or acknowledge its expropriation by an international corporate plutocracy.

The only candidate who does—Ralph Nader—will not be elected. And so, during the next administration, we will enter a fourth decade of corporate hegemony over American democratic institutions. Whether this will bring about worldwide depression, devastating global conflicts, or the final deterioration of the American moral example, no one can say. However, it will surely not result in the pursuit or realization of those goals noted above, the only goals to which a democratic government can, or should, aspire.
1 Perpetual War, from Wikipedia (“Perpetual war is a war with no clear ending conditions. It also describes a situation of ongoing tension that seems likely to escalate at any moment, similar to the Cold War.”) (Accessed September 21, 2008)
2 Can American Afford It?, by Robert Gavin, from the Boston Globe, September 21, 2008 (“The crisis, which began in the nation’s housing bust and spread into credit and stock markets, is pushing the global financial system to the brink of collapse....”) (Accessed September 21, 2008)
3 The U.S. National Debt Clock (Accessed September 21, 2008)
tags: Economics | Politics

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