ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Death of Democracy

An Inevitable Possibility under Capitalism

What happens to democracy when capitalism becomes global? Capitalist expansion and democratisation are popularly represented by the magical term “development.” However, the unbridled development
of capitalism is invariably based on the over-exploitation of natural resources, and the consequent impoverishment of tribal people, expansion of the middle class and transformation of the nation into a crony capitalist state. The latest phase of capitalism, namely techno-capitalism—with its corporate system of organisation and highly centralised top-heavy administration, or “corporatocracy”—signifies the measured death of democracy.

Democracy has always been considered a goal which is a long way off, ever since the onset of differentiated economy and stratified society. Throughout history, we tookoligarchy for democracy and always believed that bourgeois democracy could be transformed into real democracy through constitutional reforms. One liberal political scientist even contemplated the globalisation of Western liberal democracy and the subsequent “end of history”1 as imminent (Fukuyama 1992). Expectedly, a total rebuttal of the end of history thesis came, with reference to the reawakening of history under the revolutionary force of the people (Badiou 2012). Hope for a people’s resurgence in the form of survival struggles does make sense, and it may be reasonable to
dream of the European lower middle class resuscitating their revolutionary democratic values and passions of 1789 or 1848. However, few expect the North American elites to endorse a renewed call for liberty and equality, as in 1776.

Capitalism and Democracy

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Updated On : 24th Aug, 2018
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