This post has touched the many aspects of modern democracy and its system. As this post has already state that democracy and capitalism are the complementary of each other. The engine of democracy cannot run without the fuel provided by businesses. Elections are becoming costly day by day. A poor person cannot even thing about taking part in elections. Voters prefer only those candidates whose photos and visuals they see and watch on newspapers and televisions. Of course no one can feature in newspapers and television without spending money. Media is also run by corporate; hence it doesn’t go against the rich people. In fact it endorses the rich candidates only because only a rich candidate can provide them money for the canvassing. Hence, without money democracy cannot survive or we can say that only rich persons are capable to be the political leaders in modern democratic system.
Banks are also the part of this system. They provide loans to rich persons only. For ordinary persons it is not an easy task to get loan from banks. What I witnessed in India that corporate loans are easily waivered by the governments as companies easily declare themselves bankrupt. Banks easily sanctions loans to these companies which run away with banks’ money with siphoning the hard earned money of ordinary investors and taxpayers. These companies become bankrupt but their promoters and directors never get poor. In fact their wealth always increases. On the other hand bank charge more interest from ordinary man and if he fails to pay only one or two EMIs, bank behaves harshly with him. So, in modern democratic system rich people getting richer and poor are getting poorer day by day.
During recession big corporate were given bailout packages by all the governments but what they do with this money? They didn’t hesitate to fire their employees in the name of cost cutting. However, they didn’t hesitate to provide bonuses to their CEOs. What a shameful thing!
Even modern law and justice system only favors rich people. A petty criminal cannot afford to hire a good lawyers and in many under developed countries many persons are in jails for petty crimes for which they could be easily freed if they had provide bail but these poor are not in the position to arrange bail for them. Hence, they had to remain in jails for more than the maximum sentenced period of such crimes.
Automation is also decreasing jobs. Poor are being forced to give up the claim on their lands so that a big company may establish there. This is being done in the name of development. Environment is being destroyed in the name of development. Governments all over the world are behaving tyrannically. Crony capitalism is pervasive. This is not a true democracy. In fact it is despotic rule in the disguise of democracy.
So, the future doesn’t seem promising. A very bad time is coming for this world. This cannot be changed. This is why people all over the world are getting frustrate. They are losing their peace of mind. Cases of suicide and crimes are rising. Our world is on the verge of a great catastrophe.