How Capitalism Is Killing Democracy by Robert Reich - Article Example

Accusing fingers should therefore be trained not only to greedy corporations but also to the wealthy elite tycoons or the plutocrats who are behind the capitalistic surge to control everything that comes their way. The problem is wealth has been too concentrated in the hands of the few, that the voice of these few elite commands and impels, burying the voice of the majority of the people. It seems that governments have traded off its role to bring about social reforms and to provide social services and well-being to the people.

The victory of capitalism has produced negative effects such as job insecurity; a widening disparity and inequality between the few elite and the masses who are in the majority; and climate change and global warming which has brought destruction to the environment. All that big business can think of are profits and high returns. The loss of voice of the citizenry has made us jump to the conclusion that democracy is indeed killed by capitalism and the power of the people to determine their self-determination has been snuffed out.

Globalization: The Super StoryGlobalization is a super story because it tells about how the world has been integrated by this invention called the Internet and the Web. From the Cold War days symbolized by the Berlin Wall and its theme of division and which had since been smashed to smithereens, there emerged a new world wherein markets, technology and finance had been shrunk that all communications take place instantly and only with the click of a mouse. The world suddenly becomes flat and everything and everybody becomes empowered because we are enabled to reach each other faster, farther, and cheaper, The result is the emergence of a Supermarket and a super-empowered individual who can do anything at will even without governmental intervention.

He can connect himself to whomsoever he wishes through the Email. He can also do all kinds of cyber crimes such as electronic money laundering or siphoning of plundered government money to 'smart-cards' or gaining access.