Fears of the erosion of democracy pervade the headlines. The rise of authoritarian populists around the world, with Donald Trump being the most emblematic, has mobilized centrist pundits and politicians to claim, and rally around, the flag of democracy as a mobilizing tool.
It makes sense for capital, until it destabilizes the system due to depressing wages, till aggregate demand falls to the point there’s not enough people buying the production and you end up in depression.
It makes sense for capital, until it destabilizes the system due to depressing wages, till aggregate demand falls to the point there’s not enough people buying the production and you end up in depression.