Decline of Democracy and Capitalism

Mohamed Rabie ()
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Mohamed Rabie: Arab Thought Council

Chapter Chapter 8 in A Future Economy for All, 2023, pp 47-56 from Springer

Abstract: Abstract This chapter tries to expose the problems that are facing the democratic and capitalist systems and explain why both systems have lost their capacity to manage the political and economic affairs of the societies they control, particularly the American society. Though both systems were capable of doing what was expected of them between the 1950s and the early 1980s, they began to lose that capability with the adoption of market capitalism and allowing money to control the political system and corrupt most politicians. Therefore, both systems need restructuring or replacement. Public doubt about their ability to manage American affairs is reflected in the continuous infighting between the Democrats and the Republicans as well as in public opinion polls and participation in elections.

Keywords: Capitalism; Democracy; Ideology; Intellectualism; Racism; Discrimination; Violence; Equality; Responsibility; Governance; Hierarchical; Horizontal; Mercantilism; Nationalism (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-42957-6_8

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DOI: 10.1007/978-3-031-42957-6_8

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