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"I think it will change because we still have a democracy. Eventually the power of a correct idea is felt, but sometimes it is long and delayed." But what is t
by jonmc12 16y ago
"I think it will change because we still have a democracy. Eventually the power of a correct idea is felt, but sometimes it is long and delayed."
But what is the affect of the would-be plutocracy on the current democracy's timeline to self-correct?
Compare the policy influence of a grassroots lobbyist against the influence of a professional lobbyist paid by the highest bidder. This is democracy's ability to 'correct' policy with the existing officials of the democracy.
Compare the voting influence of campaign financing from wealthy individuals and corporations against the influence of campaign financing from the masses. This is democracy's ability to 'correct' officials within the democracy.
Democracy is a system full of security holes - its being hacked so it self-corrects at a slower and slower frequency (at least as it concerns the wishes of the masses). It seems to be a characteristic of a mature capitalistic democracy that the wealthy can slow self-correction driven by the masses, and expedite self-correction driven by wealth.
At some point, the time it takes for 'the power of a correct idea' to be felt exceeds the relevance of that idea. Thats the meaningful metric for when a capitalistic democracy morphs into a plutocracy.