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The future of American democracy?
- Source :
- Economic Affairs; Oct2024, Vol. 44 Issue 3, p614-624, 11p
- Publication Year :
- 2024
-
Abstract
- This article examines the relationship between democracy, capitalism, and inequality in America. It discusses the arguments made by Angus Deaton, who claims that democracy is undermined by money's influence on the legislature and wealthy minorities blocking provisions for the less wealthy. However, the article presents counterarguments, suggesting that "deaths of despair" and income stagnation may not be as prevalent as Deaton suggests. It also challenges Deaton's claim that the rich drive policy, presenting evidence that the middle class often gets what it wants in terms of congressional votes. The article explores the undemocratic nature of the Senate and proposes reforms, but argues against them, stating that they misunderstand the divisions in America and that the Constitution was designed to create unity. The article concludes by cautioning against further expansion of executive power and majoritarianism, suggesting that federalism may offer a solution to accommodate the differing tribes in America. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 02650665
- Volume :
- 44
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Economic Affairs
- Publication Type :
- Academic Journal
- Accession number :
- 180229906
- Full Text :
- https://doi.org/10.1111/ecaf.12675