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The definition of democracy is NOT limited to one person one vote. For instance, corporate board seats are democratic, but you only get to vote with as many sha
by missedthecue 3y ago
The definition of democracy is NOT limited to one person one vote. For instance, corporate board seats are democratic, but you only get to vote with as many shares as you own.
- amalcon 3y agoNot strictly, no, but there are limits. I think most people will agree that it's not a democracy when a single person controls all of the votes (dictatorship), or when a small group with usually-aligned interests controls a majority of the votes (oligarchy). That said I think you've helped a bit with my confusion here. The point where it moves from democracy to something else is obviously not clear -- so probably the people who consider the market system to be democratic just draw that line differently from me.