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Comtemporary sociology - Essay Example

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The three pillars of modern knowledge include capitalism, democracy, and socialism. Capitalism and Socialism are two financial systems that…
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Comtemporary sociology
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Comtemporary sociology

Download file to see previous pages... On the other hand, socialism is a system whereby the government controls the production and distribution of all products. The competition in Capitalism downplays Socialism while the community equality in Socialism gives a biased financial resolution making.
However, democracy and capitalism remains a mismatch, and this raises the question of who is in charge of the political economy. The political process and its rationalities seem to displace the core value of democracy, which is citizen participation. After all, reasonable democracy produces a certain amount of legal certainty, welfare, educational and cultural goods among others. The capitalist markets seem to suppress democratic demands, while declining the citizen participation in the formation of politics. The open-minded market structures forced on social and political life does not seem to favor democratic participation of most citizens.
There is a growing tension between democracy and capitalism in relation to the current political and market organization. The capitalists seem to interfere with the three levels of democracy, which include system, society, and culture. However, the main investors have taken control of most decisions, and their accumulated profits making them very powerful in the political arena. The economic power of these organization executives translates to political power that severely challenges the democratic balance (Crouch 46). Consequently, with the spread of information technology, the practice ends the domination of states due to economic globalization in relation to economic, sociologic, political, and cultural meaning.
The free market is the only core value between capitalism and democracy, and study shows that governments and other political influences seems to be slipping back into controlling these markets. As a result, capitalism seems to have a big effect on democracy based on the control of free market. Crouch (6) argues that these political ...Download file to see next pagesRead More
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