October 26, 2007 5:47pm CST
Democracy is one of the forms of government and it is so far the best for every nation or state to adopt. However, there are some downfalls of it. Did you ever noticed that the rich becomes richer and the poor becomes poorer in most states with democratic government? It's true there is freedom but who creates the policies, laws, and other governing rules and regulations? They are the "elites"- those that are sitting up there. Of course, they aren't going to make policies that are detrimental to their vested interests. Who owns the biggest companies and corporations in your state?Are they not your leaders? Also in a democracy there is "free enterprise." If you own a small business in your town for many years and you're doing good, so far, with your business. But with free enterprise, big retailers can come in to your area with more and cheaper merchandise. What will you expect to happen? Will you still hold your customers if they already have a bigger store with more choices and cheaper prices? I don't think so. There is so called "outsourcing" of jobs also because of democracy? Don't you think this is good? No. Sometimes, democracy is good and sometimes it's not. That's the reason why authorities or the so called "elites" must not abuse their power in order to promote the true sense of democracy which is freedom, equality(equal distribution of wealth), and among others. So what do you think why democracy is sometimes referred to as demo"crazy."
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• United States
27 Oct 07
It is not surprising that the richest 2 percent of adults in the world more than 50 percent of the global assets. The richest 1 percent owned 40 percent of global assets, the richest 10 percent owned 85 percent. And the poorest 50 percent owned less than 1 percent of the wealth. But some people in the richest countries were the poorest with negative net worth due to debts, while many in poor countries do not have the ability to borrow.