Recently the world banking system and economy which are base on democracy have collapsed. Is it a failure?
Many developed countries now tried to protect their economy by practising protectionism. Democracy have only make a small group of people become super rich whereas the rest of the people in this world poor. If democracy is a failure, what’s next???
Can i say democracy fail to stop greed?
Did they try to find the path to success. What kind of success are we talking about here? The system have collapsed.
And the word ‘free market’ seems synonymous to democracy?
World Consumption
9 Comments
Leave a Reply
Global Referendum – Please Vote Now
Sentient World Simulation
Socialism. As long as it doesn’t lead to Communism this will be a VERY good thing.
world democracy
when democracy is a failure,
“socialism” is the only way out…….
World Democracy Online
anarchy?
World Internet Statistics
Since when was the economy based on democracy? It’s based on free market principles. This is not the same as democracy.
World Democracy Now
We elect the Government, not the bankers who caused all the damage.
World Consumption
The collapse of the banking systems and economies is a result of free-market capitalism, not democracy. However, it is the western combination of capitilism plus democracy that began this domino effect. Democracy is not a failure, its the most secure and stable type of government we have so far.
World Democracy Now
Haha banking isn’t based on democracy-it’s called CAPITALISM! And the level of govt interference that was present made the system anything BUT capitalistic. Research on the FDIC before pronouncing failure on the free market.
Actually socialism is what leads to extreme corruption ond oligarchy.
Vote World Parliament
the world banking system is NOT based on democracy. It’s based on greed. hence the collapse.
and democracy does not “make” some people rich. They do it themselves, through hard work, skill, luck, attitude, etc etc. A small group are born rich but the idea of democracy is that anyone can change their life situation. The fact that many don’t doesn’t mean democracy doesn’t work.
there is a path to success, for whatever glory you’re chasing. Many never even find the path, let alone travel it.
Planet in Peril
The main advantage of Democracy is not that it can’t make mistakes. All systems of government can make mistakes. And Democracy can be worse than dictatorship in some ways. Because elected politicians tend to spend lots of money without raising taxes and run up huge deficits and debts in order to gain popularity and get re-elected. Then they retire from politics. And they let someone else deal with the mess.
But Democracy has one big advantage over other forms of government. When things get really bad, then the people don’t have to kill anyone and destroy their country in order to change their government. All they have to do is organize another political party and elect someone else. Which is a lot more efficient and good than destroying one’s country in order to change the government.