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Free markets were supposed to lead to free societies. Instead, today’s supercharged global economy is eroding the power of the people in democracies around the globe. Welcome to a world where the bottom line trumps the common good and government takes a back seat to big business.
It was supposed to be a match made in heaven. Capitalism and democracy, we’ve long been told, are the twin ideological pillars capable of bringing unprecedented prosperity and freedom to the world. In recent decades, the duo has shared a common ascent. By almost any measure, global capitalism is triumphant. Most nations around the world are today part of a single, integrated, and turbocharged global market. Democracy has enjoyed a similar renaissance. Three decades ago, a third of the world’s nations held free elections; today, nearly two thirds do.
Conventional wisdom holds that where either capitalism or democracy flourishes, the other must soon follow. Yet today, their fortunes are beginning to diverge. Capitalism, long sold as the yin to democracy’s yang, is thriving, while democracy is struggling to keep up. China, poised to become the world’s third largest capitalist nation this year after the United States and Japan, has embraced market freedom, but not political freedom. Many economically successful nations — from Russia to Mexico — are democracies in name only. They are encumbered by the same problems that have hobbled American democracy in recent years, allowing corporations and elites buoyed by runaway economic success to undermine the government’s capacity to respond to citizens’ concerns… more.. Read Rest of Article: How Capitalism Is Killing Democracy – Robert B. Reich
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via CleanTechies.com http://ow.ly/4lYVK
Don’t expect climate change to get fixed by the governments of the world. And it won’t be clean tech or green products saving the day either.
The problem is consumerism. Too many people want too many things on a finite planet with limited resources. The process of obtaining and manufacturing those things is what has gotten us into trouble: carbon emissions, resource depletion, deforestation, species extinction, etc. The consumer economy is the cornerstone of “democratic” governments worldwide. As a result, governments have no genuine interest in changing the status quo. It would be too problematic, too chaotic, and mean transcending too many vested interests. (Via Cleantechies.com)