Can Democracy Survive Global Capitalism?

The author explodes the myth that capitalism and democracy are complements. His thesis is that globalism driven by investment in new markets is contrary to democracy. When one returns dollars to capitalists, they will invest for the greatest return. Thus, the failure of Reaganomics. Investment did not stay in the United States but was far-reaching through the third world, where labor was cheap. This and production efficiencies drive down jobs in the United State and create an uneven playing field for American workers. As the author points out, capitalists are willing to work with dictators and fascists in order to pursue gain. The willingness of the current administration to turn away from allies and into these ready markets for investment proves the thesis. Democracy has been under assault for decades, and the latest faux populism shows the way propaganda has subverted the electorate.

The author is extremely knowledgeable and coherent. This is essential reading for the times.