Well it is a representative democracy in most cases, so in reality it is governed by people’s representatives.
That is a big difference because the market also represents the interests of the people in the way of price setting and supply and demand. And we can see it is not working.
There is no such thing as a representive democracy in capitalism. Power is not spread equally amungst each voter, your power is based off how much wealth you have. The rich class own corporate media and can shape peoples views and opinions to be comfortable with their rule. Political parties are completely reliant on funding from the rich to drive there campaigns, elected candiates are always approved by the rich class.
The market does not represent the interests of the people. Capitalism results in unregulated monopolies or price fixing that cause companies to extract significantly more wealth from people than what is reasonable.
Well it is a representative democracy in most cases, so in reality it is governed by people’s representatives. That is a big difference because the market also represents the interests of the people in the way of price setting and supply and demand. And we can see it is not working.
There is no such thing as a representive democracy in capitalism. Power is not spread equally amungst each voter, your power is based off how much wealth you have. The rich class own corporate media and can shape peoples views and opinions to be comfortable with their rule. Political parties are completely reliant on funding from the rich to drive there campaigns, elected candiates are always approved by the rich class.
The market does not represent the interests of the people. Capitalism results in unregulated monopolies or price fixing that cause companies to extract significantly more wealth from people than what is reasonable.
It isn’t, and it never was.
Dang I never thought the bbc would admit that.