Friday Feedback: LIBOR and Super PACs

*+-Friday Feedback: True democracy – ‘capitalist’ or otherwise – doesn’t need or use a special class of politicians, let alone politicians whose concentrated power makes them attractive and ready recipients of corruption.

Athens, Birthplace of Democracy

agora

*+-Steven Hill: While democracy can be noisy and messy, and can sometimes result in confusion and inefficiency, if implemented fairly with the right institutions the human experience shows that it is capable of fostering remarkable things.

Friday Feedback: Real Democracy

*+-The bigger our population and the better educated, the worse the discrepancy between all of us who could help decide – and the few who are given (by election or appointment) all the power to decide. We have far less democracy now in any one of our states or large cities than did the American colonies which in 1776 revolved against taxation without representation.