American Capitalism and American Democracy have always gone hand in hand for the entire history of the United States since it's founding, and many say one cannot exist without the other. Many people today commonly associate Capitalism with Democracy when asked about the United States in general. But this statement is inherently flawed; capitalism is based on profits for the few while democracy is based on rights for many. So how can such a contradictory statement be good for the society as a whole? First we must dissect what both Capitalism and Democracy really mean in order to perform a noteworthy analysis.
The current economic system in place for the United States as many people know is capitalism. Commonly capitalism is known as an economic system in which all or most of the means of production are privately owned and operated, usually through employing wage labor and for profits, and in the investment of capital and the production, distribution, and prices of commodities (goods and services) are determined mainly in a free market. Democracy, as defined by Katznelson, Kesselman, and Draper is, "A situation in which all members of a community have roughly equal chances to influence the outcomes of decisions that affect them, in proportion to the importance of these decisions in their lives." By nature these two statements conflict in that those who own the means to produce goods and services have disproportionate power to ordinary citizens, while democracy states that these ordinary citizens should have a say in how a company is run, because it affects them as well. ...
... middle of paper ...
...people in the world because of these people in charge of the "best and most profitable global corporations", I think they should be convicted of crimes against humanity.
Democracy shouldn't be this way; power should be brought back to the people and focus more on co-operation instead of competition. Competition only breeds more competition, and the "winners" keep winning while keeping the ones who lose in a downward spiral to the bottom. Co-operation and democracy go hand in hand, and hopefully in the future people will realize what we can become. "The only thing to compete with is competition itself."
In American Colossus: The Triumph of Capitalism, 1865 - 1900, H.W. Brands worked to write a book that illustrates the decades after the Civil War, focusing on Morgan and his fellow capitalists who effected a stunning transformation of American life. Brands focuses on the threat of capitalism in American democracy. The broader implications of focusing on capitalism in American democracy is the book becomes a frame work based on a contest between democracy and capitalism. He explains democracy depends on equality, whereas, capitalism depends on inequality (5). The constant changing of the classes as new technologies and ways of life arise affect the contest between democracy and capitalism.
Before that can be established, I think a definition of democracy should be stated so that it may be called upon later in this essay. According to the American Heritage Dictionary, democracy is stated as "the principle of social equality and respect for the individual within a community" .
Michael Moore’s film of Capitalism: A Love Story is an examination on how much of a financial impact that corporation has on the lives of Americans. Capitalism seems to emulate a love affair gone wrong, with lies, abuse and betrayal towards the American people. Moore moves the film from Middle America, to the halls of power in Washington, to the global financial epicenter in Manhattan in order to answer the question of what price do Americans pay for the affection of capitalism. There is irony in the title of this film because there is certainly nothing to love about capitalism when families have to pay the price with losing their jobs, their homes and their savings as a result of the risky investments that the rich and powerful have at their disposal. With more than 14,000 jobs being lost, residents being evicted from their homes and banks stealing away families’ savings, one must wonder if there is an upside to capitalism at all. True democracy is the biggest threat to corporate America because of the one person one vote system. In order for this to take place, the growing number of people would have to come together and expose capitalism for what it truly is, a corrupt and greedy system for the wealthy.
A democracy is a form of government where the people rule directly on everything that has an effect on their everyday lives. In a democracy the government’s power is from the people and it relies on them to use that power. Citizen’s rights to the decisions made by the government can be handled directly by entering their positions personally or by representatives. Since government decisions are not made by the majority vote except for in a small amount of all lawmaking, the United States is not a direct democracy. The United States contains elements of a democracy and a republic. A republic is a government where the people rule indirectly through elected officials. Since the United States combines these two forms of government, it is generally
At first glance, it seems implausible the word democracy isn't written in the United States Constitution, or in the Preamble of the Constitution, or even in the Declaration of Independence. One would assume a concept so paramount to modern American culture would surely be derived from one of its oldest and most endeared documents. Alas, it is not. The Constitution only specifically mentions two entities, the government and “We the People”. Defining government is an easy enough task, but who are “We the People”? Originally consisting of only white male property owners, eventually adding in other races, income classes, women, and astonishingly, corporations, the definition of “We the People” has evolved numerous times. Corporation is another key term the architects of our government failed to define for us, perhaps that is why it found its way into the phrase “We the People”. A grave dilemma lies in this fallible defining of terms. Granting corporations person-hood legislatively shifts the power of democracy from human interests to corporate interests. This corrosion of human interest can clearly be noted when examining the battle over corporate power highlighted in the court cases of Sebelius v. Hobby Lobby, Citizens United v. Federal Election Commission, and United States v. Sourapas and Crest Beverage Company.
The United States is run by a democracy. There are many pieces to democracy that must be in good health in order for democracy to be effective and work. In this essay I will critique some of the most important parts of democracy in America and go deeper. I will first focus on the strengths of United States democracy and then I will dive into categories of democracy that I believe to not be thriving. I believe that the current conditions of United States democracy are becoming a hindrance to this nation, because the opinions and freedoms the public possess are being stripped away through poor media, education, and economy.
In contemporary times, the rise of capitalism as a dominant economic trend and its ravenous demand to accumulate sources from new markets, has led to the idea of merging political and economic power into one, which is democratic capitalism or otherwise illustrated as “a system where markets allocate income according to efficiency while governments redistribute income according to political demand."(Iversen, 2006). The advancements mentioned earlier, have given ground for questions concerning the possible compatibility of the political ideology which is democracy and the economic ideology capitalism and how would they affect one another. This mergence could be examined in recent times, whereas in the past around the start of the nineteenth century it was considered as inappropriate and unlikely to happen. This paper aims to demonstrate to what degree are democracy and capitalism compatible, by examining the various areas of conflict of the two ideologies, how has capitalism affected the democratic system in the United States and does actually global capitalism have an impact on the developing countries democracies.
The United States of America is a republic, or representative democracy. Democracy, a word that comes to us from Greek, literally means the people rule (Romance, July 8). This broad definition leaves unanswered a few important details such as who are the people, how shall they rule, and what should they rule on (July 8). Defining the answers to those questions means defining a model for a democratic system. William E. Hudson defines four such models in his book American Democracy in Peril: the Protective, Developmental, Pluralist, and Participatory models of democracy (Hudson, 8-19). Of these models, perhaps Participatory comes closest to an ideal, pure democracy of rule by the people (16-19). In practice, however, establishing a stable ideal democracy is not entirely feasible. In a country the size of the United States, it quickly becomes unwieldy if not impossible to have direct rule by the people. To overcome this, the compromise of the representative system allows the people to choose who will rule on a regular basis. The political culture that defines American politics shows that despite this compromise, America is still very much a democratic society.
According to the Merriam-Webster dictionary Democracy is a form of government by the people; especially: rule of the majority(Webster). This is what the United States is represented as, and this is based on the United States Constitution from which the United states draws all legal powers. In Robert Dahls book How democratic Is the American Constitution? He challenges this idea by trying to appeal to his readers in a way that they may view the United States Constitution in a different light. Dahl does this by pointing out flaws that the Constitution has and, draws on facts based on the other democracies around the world that the United States is compared too. He points out how many democratic ideas and innovations have a occurred since the conception of the American Constitution yet it has only adopted some of those idea.
Athens of ancient Greece had perhaps the most advanced system of government of the ancient world. The system of Athens was called a Democracy. That is, every citizen voted on everything. People have claimed that the United States is also a Democracy. This is not true. The government of the United States is a Constitutional Republic (Every). United States citizens vote for representatives, who then vote on the laws. They themselves are limited by a constitution. Democracy is a flawed government system. The Constitutional Republic is also flawed, however, it is better at safeguarding individual rights, when applied correctly. Therefore, a Constitutional Republic is a better system than a Democracy.
Democracy is not a contemporary phenomenon. It did not originate here in North America. Rather, its practice began---more than 2,000 years ago---in Athens, a city-state, in the Greek Mediterranean. The philosophers Aristotle and Plato attested to that fact in their writings. It is in Plato’s Republic that one finds the earliest definition of democracy, which is briefly, “the rule of the governed.” Plato compares democracy to monarchy, or rule of the one, oligarchy, or rule of the elite, and lastly, timocracy, or rule by property owners. Interestingly enough, the Republic’s author believed the rule of a philosopher-king was preferable to that of the masses. The Politics, written by Aristotle, provided a very robust explanation and justification of democracy, which will be detailed later in this paper. Nevertheless, democracy is synonymous with popular sovereignty or the notion that all within a human community have a say in the matters that affect them all.
There have been enormous efforts to spread democracy as a political system throughout the world by the developed democratic countries and the international development organizations including the World Bank. By the late 1990s the United States alone spent over a half billion dollars to promote democratic expansion throughout the world (Diamond, 2003). These were done considering that the democratic system leads towards development. As a result in the late 20th century we saw a huge political transformation towards democracy. During the last few decades a huge number of countries adopted democracy as their political system. However, it retain a big question how far democracy is successful in bringing development of a country? At this stage, some people also criticizes the effort of democratization arguing that it is done without considering the context of a country, sometimes democracy is not ideal for all countries and it is an effort to extinct diversity of political system. In studying the literature regarding the debate, we found a paradoxical relationship between democracy and development. Some argue that democracy has failed to ensure expected outcomes in terms of development. While others confronted that democracy has a considerable impact on development. Another group of people argue that form of political system actually does not have any impact on development process. On the verge of these debates, some development institutions and academics throw light on why democracy is not working properly, and what measure should be taken to make it more successful in bringing effective development of developing countries. Consequently, this writing is an effort of revisiting the different views about impact of democra...
Anonymous author (Mar. 1 2007). ‘American Capitalism, A Necessary Evil?’. Retrieved on Mar 23 from:
The term democracy comes from the Greek language and means "rule by the people."(Democracy Building 2012) The democracy in Athens represents the events leading up to modern day democracies. Like our modern democracy, the Athenian democracy was created as a reaction to a concentration and abuse of power by the rulers. Philosophers defined the essential elements of democracy as a separation of powers, basic civil rights, human rights, religious liberty and separation of church and state. The most current definition of a democracy is defined as a “government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.”(Dictionary.com). The American democracy was greatly influenced by the Athenian democracy. The Founding Fathers of the American democracy borrowed ideas from the Athenian way of governing. Presently, Americans live in a democracy that is much different than that the Athenian democracy, and what the Founding Fathers of the American Democracy envisioned. Although there are some commonalities between Athens and what our Founding Fathers intended, there are major differences as well. Differences between the modern American democracy the Athenian democracy and what the Founding Fathers envisioned are size of the democracies, the eligibility of a citizen to participate in the democracy and how a citizen participated.
A memorable expression said by President Abraham Lincoln reads, “Democracy is government of the people, by the people, and for the people”. Democracy, is a derived from the Greek term "demos" which means people. It is a successful, system of government that vests power to the public or majority. Adopted by the United States in 1776, a democratic government has six basic characteristics: (i) established/elected sovereignty (where power and civic responsibility are exercised either directly by the public or their freely agreed elected representative(s)), (ii) majority rule(vs minority), (iii) (protects one’s own and reside with) human rights, (iv) regular free and fair elections to citizens (upon a certain age), (v) responsibility of