Democracy Is Not Capitalism
The majority in a Democratic society may choose to operate under a Capitalistic “market” economy, but it will be doomed to one of two outcomes; eventual failure as a Democracy or a rejection of pure Capitalism. “A house divided can not stand.” As the American experiment has shown, once again, Democracy is no match for unregulated Capitalism. Or, put another way, the underlying necessity in sustaining a democratic system of government in a capitalistic economy is that a majority must always maintain an altruistic motive to protect the “common welfare”. Altruism is not a widespread human trait. Self-fulfillment, ambition and avarice are far more prevalent human characteristics, as capitalist theory predicts.
Left to its own devices, a truly “free-market” will always favor the “haves” over the “have-nots”. Those with the most capital will obtain dominance over those with the least. The few over the many. Without a certain amount of regulation, capitalism’s tendency is to exploit every available resource, even if that exploitation is detrimental to the “general welfare”. The “common good” will be disregarded, when profit from disregarding that “good” becomes compelling enough. It is the logical extension of capitalistic philosophy – which contains no inherent consideration of morality or ethical behavior or concern for others….. for more click here.