Is Democracy Wagged As A Government?

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Recommended: Capitalism and democracy similarities

If we loosely define democracy as a government “by the people for the people”, then we can see that a capitalist economy seems to contradict this notion of democracy. In a capitalistic economy, the owners of a company or corporation are in charge of making all of the production-based decisions. These decisions included things like what is produced and how it is produced, how much the good or service will cost, the wages of the employees, etc. Often times, these owners make these decisions without giving much regard to the interests of its employees or to the implications that these decisions have on the people and communities affected by these decisions. In this system, there is no individual influence for the workers. Instead, they simply …show more content…

Although capitalism may lead to a more efficient allocation of resources, it also leads to an exploitation of the middle class and a skewing of the underlying democratic system that capitalism is based on. In a perfectly democratic society, the workers in this capitalist setting could utilize the democratic mechanisms (elections) set in place to create external forces that would cause corporations to satisfy their workers’ interests. However, with capitalism still in place, these mechanisms are corrupted due to disproportionate amount of resources and money that corporations have compared to the citizens of the working class. Politicians need tons of money and resources in order to secure an election and where is the best place to tap into these resources? Capitalist corporations supply these politicians with all they need and thus gain an ever greater influence and access to controlling the working class through creating laws and regulations that are designed to benefit the minority of big-wig capitalists over the majority of the population that can be found in the working class. In a perfectly democratic society (as impossible as that sounds), capitalism would not have the ability to obstruct the power of a democratic system that is designed to govern in a way that is truly “for the

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