DEMOCRACY AND CAPITALISM

DEMOCRACY AND CAPITALISM In communist countries, the political systems and the economic systems are combined into one system of government. In non-communist countries, the political systems and the economic systems are separate from each other. In monarchial countries, there is a semblance of democracy because the Prime Minister is the “head of government”, even if the monarch is still the “head of state”. At least in theory, the political system should prevail over the economic system, in such a way that the politicians hold the political power, while the businessmen hold the economic power. The politicians would tend to be the members of the political dynasties, while the businessmen would tend to be the economic oligarchs, at least generally speaking. While it is easy for communist countries to control the state-owned companies, it is not so easy in democratic countries, because the economic oligarchs have a lot of influence, even if the politicians have all the power. For a democratic country to prosper, the government must reign over runaway capitalism, so to speak. To make that possible, those who hold political power should not give way to those who hold economic influence. Not unless that is done, democracy would surely die. IKE SENERES/05-05-2024