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Capitalism Killing Democracy Robert Reich Summary

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“How Capitalism is killing Democracy” is a paper written by Robert Reich to present that although capitalism prevails in more areas of the world, Democracy has not taken hold as promised. Democracy is a very difficult concept to verbalize and define. In our other readings, we saw Becker define Democracy as “a government where the source of political authority is with and remains with the people.” Becker also wrote that the definition of democracy is capable of distortion as to include most government types. We see evidence of this while reading the paper from Reich. Reich has some socialist viewpoints and when he sees a government not meeting a perceived need of the people, he passes this off as a shortcoming of democracy. Reich wrote “runaway economics gets in the way of …show more content…

Reich further shows his Socialist tendencies by writing, “But though free markets have brought unprecedented prosperity to many, they have been accompanied by widening inequalities of income and wealth, heightened job insecurity, and environmental hazards such as global warming. Democracy is designed to allow citizens to address these very issues in constructive ways.” When would any true democracy concern itself with these issues? Income inequality and job security are market variables that are best resolved within the market itself. Democratic governments shouldn’t guarantee a wage or job security.
Reich defines democracy as “a system for accomplishing what can only be achieved by citizens joining together to further the common good.” Is this not already happening? He admits that democracies have moved from one-third of nations to

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