Corporations are decidedly non-democratic and their paramount place within the so called "capitalist" system (by whichever definition or permutation or purity of idealism it is defined to actually be) renders the capitalist system non-democratic as well. Economists rank about the lowest in my judgement of the range of careers available to anyone, working within a world of abstract perfection with mathematical models that are invented and created out of thin air without a connection to reality (all math should represent physical reality in some way as it does with chemistry and physics). Those economists who define themselves as supporters of capitalism are arguing for a world with its base mired in poverty and its peak in the giddy heights where the few control by far the most wealth of the world.
The underlying basis of capitalism necessitates unemployment in order to keep labour cheap and mobile (at least within a region or country). It necessitates poverty, if not for a motivator then for the same cheap labour. It requires consumption at all levels which because of the need for poverty and unemployment, also requires a complacent middle class to be the consumers of the world. Without a truly decent wage, with both parents working, with unending propaganda/advertising beating it into the consumers brain that they simply are not cool, sexy, articulate, or beautiful if a certain product is not purchased, the theoretical middle class drives itself - sometimes literally as our culture is based on the automobile - into ever increasing levels of debt. That debt is wealth to the corporations, as the consumer is trapped into an ever larger cycle of purchasing and debt creation.
The peaks of capitalism thrive on market control, elitism, cronyism and the ever revolving door between big business, government, and the military. It returns us to the world of globalization and the WTO and Washington consensus discussed above. Its reality is a world in which ten per cent of the population control over half of the global wealth, while half the global population controls only one per cent of the wealth - and really probably do not "control' even that. From these vertiginous heights of wealth the world perspective is perhaps flat, the bottom layers being so dim and distant in view that we are all of equal powerlessness to the elites.
Part II - will take a look at how other than business and political philosophies - theological considerations, meritocracy - and how they influence perceptions on democratic values and actions.
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